New American Funding - Woman of the Year
Company: New American Funding, Tustin, CA
Company Description: New American Funding is a mortgage banker, licensed in 48 states across the nation, that funds over $1 billion in home loans every month and maintains a servicing profile of over $17 billion. Our company offers a full spectrum of loan products and we have won numerous awards for our industry leadership and efforts in diversity and inclusion in the workplace.
Nomination Category: Management Categories
Nomination Sub Category: Woman of the Year - Consumer Service Industries
Nomination Title: Patty Arvielo
Tell the story about what this nominated woman has achieved since January 1, 2016 (up to 650 words). Describe the impact she has had on your organization and/or industry. Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms.
As President and Co-Founder of New American Funding, Patty Arvielo leads by example as she manages operations and sales for the headquarters, 128 branches, and 2300 employees. Not only is she fully vested in guiding the company in a progressive direction by creating a diverse and inclusive culture but in 2016 she continues leveraging her 35 years of mortgage experience to close millions of dollars in home loans annually; all while being a national influencer in the marketplace and active servant in the local community.
An advocate for women empowerment and diversity cultivation, Patty has constructed a team comprised of 58% women, a 21% increase in the number of women employees over 2015, with women holding 75% of C-level roles. Under Patty’s guidance, New American Funding implemented, “If You Want To Grow, We Want To Know,” a platform for all employees to express their career aspirations and for each one to be given equal opportunity to receive training that equips them to achieve their overall objectives. Within months of launching in 2016, the campaign had placed nearly 40% of respondents on track with their specific career goals.
Due to her overall business accomplishments, Patty received a bevy of notable accolades in 2016. Ernst & Young named her Entrepreneur of the Year for Orange County and inducted her into its Entrepreneur Hall of Fame. LA Times Latinos de Hoy honored her with its Business Award and she won the Silver Stevie® American Business Award for Woman of the Year.
As she continues her lifelong commitment to impact the Hispanic community, Patty dedicates time to advancing the initiative she created, Latino Focus Committee, an in-house group of employees whose mission is to identify challenges facing prospective Hispanic homeowners and develop solutions to those issues. In 2016, they doubled events and more than doubled attendance over the previous year. By year’s end, Latino Focus had educated over 3000 consumers through forming strategic collaborations with organizations like Freddie Mac.
This notable performance by Latino Focus resulted in a Silver Stevie® Women in Business Award for Multicultural Communications or PR Campaign of the Year. It also led to an honorable mention at the MBA Diversity and Inclusion Residential Leadership Awards. As well, Latino Donor Collaborative, a non-profit comprised of accomplished Latino leaders nationwide, took notice and asked Patty to start serving on its board in 2016, to help transform the perception of Latinos in mainstream America.
Along with this new commitment, Patty maintains an active role on Freddie Mac and Fannie Mae’s affordable lending boards, where she participates in discussions providing strategic input on key initiatives. Subsequent to her involvement, in September, New American Funding collaborated with Freddie Mac to establish the mortgage pilot program, Your Path, which makes affordable homeownership opportunities available to a broader demographic of borrowers. Additionally, through Patty’s advice as a member of the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals, the organization’s CEO launched the Elevate Mortgage Summit, an event held to equip mortgage professionals with tools to grow their business.
This industry influence led Mortgage Professional America to select her as one of the Most Influential Women in Mortgage and for LA Business Journal to recognize her as one of its Most Influential Lenders.
In 2016, Patty continued serving on the Mortgage Bankers Association’s (MBA) Diversity and Inclusion Committee. As a champion for diversity, MBA invited her to provide forward-thinking ideas on diversifying the mortgage industry as an executive panelist at its Summit on Diversity and Inclusion.
Patty is a recognized progressive leader and avid public speaker who’s sought out by local and global organizations. One recent engagement was in October, when Facebook invited her to speak to employees. This commitment to uplift the community, along with business accolades, inspired NBC News digital to feature her in a national segment and for Profiles in Diversity to identify her as a Woman Worth Watching.
In bullet-list form, briefly summarize up to ten (10) of the chief accomplishments of this nominated woman since the beginning of 2016.
• Winner of 2016 Silver Stevie® American Business Award for Woman of the Year
• Named by Ernst & Young Entrepreneur of the Year for Financial Services in Orange County and inducted into EY Entrepreneur of the Year Hall of Fame
• Received Business Award of the Year from LA Times Latino de Hoy
• Invited by Facebook to speak to employees
• Profiled by NBC News digital
• Selected by Mortgage Professional America as one of the “Most Influential Women in Mortgage” and named to its “Hot 100 List” for being a mortgage industry standout
• Latino Focus received Silver Stevie® Women in Business Award and honorable mention at MBA Diversity and Inclusion Residential Leadership Awards.
• Received from National Association of Women in Real Estate Business the Roaring Twenty - Gershwin Award for mentoring fellow members
•National Mortgage News featured her Op-Ed piece
• 4th year serving on Big Brothers Big Sisters Executive Board for Orange County