About Rick Arvielo
Honored by Ernst and Young as the 2016 EY Entrepreneur of
The Year® Orange County, recognized by the Orange County
Business Journal with the Excellence in Entrepreneurship
Award, and ranked among Mortgage Executive Magazine’s
100 Most Influential Mortgage Executives, Rick Arvielo is a voice of authority in the mortgage industry. With integrity as his cornerstone, he built a company on American values like diligence, efficiency, progress - and aptly named it New American Funding, a mortgage banker whose performance has earned the admiration of the industry.
Raised in Palm Springs, CA, Rick grew up in a family environment embracing honesty, creativity, and industriousness. He was encouraged to appreciate science, volunteer in the community, and participate in sports. With a competitive drive and an entrepreneurial spirit at heart, he opened his own car valet business at only 16 years old. A few years later he launched his second business, Paradon Industries, where he focused on marketing techniques and the myriad of advantages gained by infusing technology into the business model. He later sold the company as the largest affinity check printer in the United States, and began work with an independent mortgage broker in 2001.
Rick quickly built up business for the small broker shop and gained experience with the intricacies of mortgage operations. Identifying many areas for improvement, Rick began developing systems to remove inefficiencies in mortgage operations by automating repetitive, timeconsuming functions. He soon after founded Broker Solutions Inc., a business he created to provide optimization services to mortgage lenders. Over time he saw the opportunity in optimizing his own mortgage bank and in 2003, he and his wife Patty began doing business as New American Funding, a 40-employee, refinance call-center. In 2011, Rick introduced purchase transactions to the company’s operations, and in Rick Arvielo Industry Leader and CEO 2012 New American Funding opened their first branch. Their retail division has since exploded, adding over 90 retail branches and over 650 Loan Officers focused on purchase transactions in only three years.
Having technology woven into its infrastructure and operations, New American Funding’s agile business model is responsive to consumer needs and proven to be less affected by market fluctuations. Under Rick’s leadership, the mortgage banker has evolved into a Fannie Mae, Freddie Mac, and Ginnie Mae direct lender, seller, and servicer, with call center, distributed retail, wholesale, and builder divisions.
With no major mergers or acquisitions, Rick and Patty have managed to retain the family-owned business culture that set New American Funding’s service apart from other lenders since day one. Rick’s entrepreneurial style resonates throughout the company and attracts like-minded individuals who embrace a spirit of ingenuity, listen more than they instruct, and cooperate more than they direct.
Perhaps even more impressive than his accolades, corporate leadership, and record of accomplishments, is Rick’s leadership in the industry. He is involved in several member associations that play a vital role in the current and future states of mortgage banking. On a national level, Rick is a member of the Mortgage Bankers Association (MBA), participates in their Mortgage Action Alliance Committee and MORPAC, the MBA’s Political Action Committee, is a member of MBA’s Residential Board of Governors (RESBOG), and frequents Washington, D.C. to lobby on behalf of the industry.
Built by American values to serve an audience of his peers, New American Funding exudes the hard work and pride in craftsmanship Rick Arvielo continues to devote to it.