New American Funding Appoints Frank Fuentes as National Vice President of Multicultural Lending

USA - español

News provided by

Sep 13, 2016, 12:38 ET

TUSTIN, Calif., Sept. 13, 2016 /PRNewswire/ -- New American Funding, a national mortgage banker, today announces they have appointed Frank Fuentes as National Vice President of Multicultural Lending. Fuentes helps lead the company's Latino Focus Committee, to help improve lending experiences for Hispanic consumers, and will work on a national level to expand the company's footprint and multi-cultural initiatives, while increasing homeownership in diverse markets.

New American Funding Appoints Frank Fuentes as National Vice President of Multicultural Lending.

"My goal is to make an impact on our industry, specifically within the Hispanic sector. Much like the President of New American Funding, Patty Arvielo, we share a similar story – the story of 1^st generation Mexican-Americans starting at the bottom and rising to the top by virtue of hard work, discipline and passion. I'm very excited to share our stories with every Hispanic in the mortgage industry across America," Fuentes said.

Fuentes will work alongside Patty Arvielo to push out initiatives through grassroots events, strategic partnerships and social media. He will also represent New American Funding on panels with organizations like The National Association of Hispanic Real Estate Professionals (NAHREP) and the Mortgage Bankers Association (MBA).

"We're making great progress in elevating Hispanic communities through homeownership, and Frank's contributions are immeasurable – this is how we mirror and serve an increasingly diverse America. This is what sets New American Funding apart. We're very proud of Frank, he's an invaluable member our family-team," commented Patty Arvielo.

Fuentes was the company's first Spanish-speaking Loan Officer. Over the course of his 16-year career, he worked to make homeownership attainable for 3,000 families, 95% of them Latino. In 2013, he was promoted to Vice President of Multicultural Lending, and in his new position he will continue to build on those efforts on a national level, bringing diverse markets closer to achieving the American Dream.

About New American Funding

New American Funding is a Fannie Mae, Freddie Mac and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender. The company is licensed in multiple states across the nation, has over 100 branch locations and offers a variety of purchase home loan and refinance loan options, including: Conventional, FHA, Cash Out, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0, Jumbo, and Reverse Mortgages.