New American Fundingannounced today that it received honorable mention from the Mortgage Bankers Association (MBA) at its ceremony for the first-ever Diversity and Inclusion Residential Leadership Awards. MBA applauds member companies who are dedicated to supporting diversity and inclusion within their hiring, lending, and outreach practices.
MBA recognized New American Funding for its Latino Focus Committee in the category of Market Outreach Strategies, which salutes marketing initiatives that are specifically designed as a means of increasing outreach to a cultural group. New American Funding’s President, Patty Arvielo, created Latino Focus as a way of developing services that would enhance the lending experience for Hispanic consumers and empower them as they pursue homeownership opportunities.
“As a first generation Latina, it’s been my lifetime dedication to serve the Hispanic community so it’s an honor for the work that we’ve done through Latino Focus to be celebrated,” said Arvielo. “The commitment to use my 35 years of experience in the mortgage industry as an avenue for creating greater diversity in homeownership came natural, because I’m passionate about the American Dream being attainable for everyone.”
Since Arvielo established Latino Focus in 2013, it’s grown to more than 135 participants who assemble with a mission of identifying challenges facing prospective Hispanic homeowners and developing solutions by hosting educational events, workshops for real estate professionals, and seminars featuring expert-driven panels.
Arvielo is a member of various diversity organizations such as the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals, the Diversity and Inclusion Committee for MBA, and the Freddie Mac and Fannie Mae affordable lending panels.