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New American Funding, an independent mortgage lender based in Tustin, Calif., has hired Mark Tribuna to serve as regional business development manager for Arizona, Nevada, and Central and Northern California.
Tribuna, who has substantial experience in affordable lending, previously served as co-president for a Dallas-based nonprofit lender that specializes in approving affordable home loans for local homebuyers. More recently, he was lead consultant for one of the nation's largest affordable homebuilders, and was tasked with creating new programs and products supporting the mortgage-lending activities of its nearly 1,200 affiliates who build thousands of homes annually.
Through existing and newly established partnerships with nonprofit homebuilders, veteran organizations, and other community housing development organizations, Tribuna will work directly with New American Funding's network of loan originators and operational professionals to support the lending activities required to serve affordable homebuilders in Arizona, Nevada, and Central and Northern California.
"I am excited to have joined an industry leader and a true maverick in lending," Tribuna said. "Supporting affordable homeownership with a proven lender like New American Funding is my passion, and together we can serve underserved communities and help enhance their quality of life."
Tribuna holds a Senior Advisory role at CBC Mortgage Agency, the financing agency of the Cedar Band of Paiutes, a band of the Paiute Indian Tribe of Utah. He is based out of New American Funding's MidPacific Regional office in Henderson, Nev., and reports to SVP MidPacific Region Chris Garza.
"Mark brings a wealth of experience promoting and implementing comprehensive plans to achieve affordable homeownership," Garza said. "This will be instrumental in expanding our efforts with non-profit homebuilders, as well as recruiting opportunities."
New American Funding has a servicing portfolio of more than 210,000 loans valued at approximately $55 billion. It has 173 nationwide locations and about 4,500 employees. The company is a 2021 Mortgage Professional America 5-Star Retail Lender and has made Inc. 5000's list of Fastest-Growing Companies in America seven times.