New American Funding, a national mortgage banker, today announced they ranked 13th in a list of top mortgage lenders by the Scotsman Guide, a monthly publication geared toward U.S. residential mortgage originators. Mortgage lenders were ranked by overall loan volume in 2014. New American Funding was ranked in the 23rd position last year, demonstrating the company’s sustained growth in the industry.
New American Funding’s total dollar volume for 2014 was reported at over $5.5b, with 18,880 total loan units funded.
“This industry is constantly in flux, so we concentrate our efforts on maintaining an agile business model,” commented Rick Arvielo, CEO of New American Funding. “We’re proud to see the results of our efforts.”
New American Funding’s corporate headquarters are located in Tustin, CA and the company currently has 80 retail branches in operation nationwide, 38 of which were opened in 2014. New American Funding has recently added a second call center in Southfield, MI and established a loan servicing center in Austin, TX.
“We’re a cohesive team here and even though our numbers keep growing, our commitment to helping others remains unchanged,” added Arvielo.