New American Funding Ranked Top Mortgage Lender In Scotsman Guide

New American Funding has been ranked as one of the top mortgage lenders in Scotsman Guide’s for the 9th consecutive year. Scotsman Guide, the leading source for mortgage originators, creates its annual listing based on verified 2020 loan data from the nation’s top mortgage companies. In 2020, New American Funding ranked #7 in Retail Volume, and increased its rank in Overall Volume to #13 compared to #17 a year earlier. The company also finished as #10 in Non-Qualified Mortgage Volume, which applies to those who are self-employed, with non-traditional incomes or no income.

In response to unprecedented housing demand amongst historically-low mortgage rates, the company hired 2,776 new employees and doubled its origination volume from 2019 to $30.5 billion in 2020. In total, more than 104,000 individuals and families bought their home or refinanced their mortgage through New American Funding last year. 

CEO of New American Funding, Rick Arvielo, said, “It's always a tremendous honor to be ranked as one of the nation's top mortgage lenders by Scotsman Guide. We serve purchase and refinance customers and the underserved communities with knowledge, transparency, and efficiency in helping them achieve the dream of homeownership.” 

The company’s service portfolio currently stands at 197,000+ loans for $51.4 billion. According to HMDA data, last year, 36% of the company's home purchase originations went to minorities compared to the national average of 25.5%.