New American Funding Appoints Bob Molnar as Sales Manager in Riverside, California

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Jul 08, 2013, 10:30 ET

TUSTIN, Calif., July 8, 2013 /PRNewswire/ -- New American Funding, a national mortgage lender, is pleased to announce that Bob Molnar has joined the company as a sales manager based out of its newly opened Riverside, Calif. branch location.

Molnar is an experienced mortgage loan professional, having begun his career in the industry in 1979. He originally sold condominiums for Neiman Realty in the Los Angeles area at a time when it was necessary to be involved in all aspects of the transaction – from initiating listings to taking loan applications to securing funding for the sale.

He subsequently had long-term stints as a Loan Officer with several well-known mortgage companies including Downey Savings, Western Cities Mortgage, American Home Loans and Wachovia. Prior to joining New American Funding, Molnar had been a senior loan officer with First Mortgage Corporation.

By his own account, Molnar has funded 7,000 - 7,500 loans, and most recently he has specialized in securing loans for first-time homebuyers, where special assistance is often required. In 2011, Bob was ranked 29^th in the country for FHA originations and in 2012 he was ranked 22^nd. He is also designated by the California Homebuyer's Downpayment Assistance Program (CHDAP) as a Preferred Lender.

"It has always been my goal to provide my customers with options and choices," Molnar said. "With New American Funding's outstanding pricing, programs, products and execution, I will be able to continue those efforts and to benefit the company in the process."

Molnar is joining New American Funding at a time of accelerated growth, especially in the Inland Empire region. In addition to the new Riverside location, the company has branch offices in Ontario, Redlands and Glendora, with new offices opening soon in Temecula and Chino Hills. Marlene Hoover, regional manager VP Inland Empire, is leading the expansion on behalf of New American Funding.

About New American Funding

New American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement – HUD Approved mortgage lender with approximately 700 employees and a servicing portfolio of over $2 billion. The company is licensed in 24 states, funds more than $400 million a month, and offers a variety of purchase home loan and refinance loan options, including investment property loans, Conventional, FHA, Fixed Rate and Adjustable Rate Mortgages, first-time homebuyer programs, VA, HARP 2.0 and Jumbo Loans.

MEDIA CONTACT Jennette Landrum, New American Funding, 1-800-450-2010

SOURCE New American Funding