New American Funding, a Direct Lender located in Orange County, CA experienced another record breaking year in 2011. With the New Year at hand, the mortgage banker finds itself in a unique position considering the state of the economy: it’s in hot pursuit of top personnel at all levels to meet the growing demand of the current marketplace for both purchase and refinance loans.
In June 2011, New American Funding launched their Residential Lending Division. With the changing economic conditions, CEO Rick Arvielo felt that having a division focused on the home purchase market and building relationships with real estate agents was essential to expansion. The division has grown quickly in the past seven months and has established a strong presence in the Southern California Real Estate Market as one of the top purchase money mortgage lenders.
At the beginning of November 2011, led by former co-CEO and President of Encore Credit Corp, Shabi Asghar, New American Funding launched their Wholesale Lending Division, Performance Home Loans. Arvielo comments on this reviving channel of business, “We see a resurrection of sorts because there is a need for smaller, local participants in the wholesale arena. As wholesale mortgage banking has started to gain a toehold again, in what is likely going to play a big part in the future of mortgage lending, it makes sense to participate in the growing need in the industry and to offer great products and services to the Broker community.”
Another major milestone at New American Funding is their approval as a Fannie Mae Seller/Servicer. The company is building their servicing portfolio of high quality low interest rate mortgages, which adds tremendous value to the organization.
This overwhelming growth is not just an opportunity for New American Funding, but also provides new opportunities to help their local community and provide jobs for hundreds of new employees. New American Funding is rapidly expanding in all departments and is currently looking to hire talented Loan Officers, Wholesale Account Executives, Loan Processors, Conventional, FHA, and VA Underwriters, and Funders. In addition there are current openings in their IT, Compliance, Accounting and Customer Service Departments.
About New American Funding
Over a decade ago, New American Funding, a Direct Lender in the mortgage banking industry, began with a clear vision and a plan for gradual but steady expansion. With locations in Orange, San Diego, and Los Angeles Counties New American Funding has positioned itself as a leader in the FHA, VA, Conventional, Jumbo and the Reverse Mortgage Markets. New American Funding employs a more targeted and personal approach to not only help consumers, but to expand their business by partnering with real estate agents, builders and industry professionals.