Addressing the racial homeownership gap and recommending industry-wide solutions
Tagged: New American Funding
Industry vet is expected to drive growth and equity.
The acquisition will strengthen its presence in the Midwest and along the East Coast.
Addition of Andrew Strickman enhances leadership team to navigate expansion and brand evolution in the mortgage landscape.
Andy Pettola has more than 30 years of mortgage industry experience.
Pat Bolan brings over 30 years of production and leadership experience.
Co-Founder Patty Arvielo promoted to CEO alongside her husband; COO Christy Bunce promoted to president.
Available only in certain areas, the funding does not need to be repaid and can be used for upfront costs.
Calif.-based company has now cut 941 jobs in 2022.
Fitch Ratings also gave stable outlook as servicer revealed plans to expand into Non-QM loans.