New American Funding Named Top 100 Mortgage Company for Second Year

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Apr 01, 2013, 12:14 ET

TUSTIN, Calif., April 1, 2013 /PRNewswire/ -- New American Funding, a national mortgage lender located in Southern California, has been named as one of the Top 100 Mortgage Companies in America 2012 by Mortgage Executive Magazine for the second consecutive year.

Mortgage companies receive their ranking based on yearly mortgage volume. This year, New American Funding moved up five spots to number 23 on the list, with a mortgage volume of $3,620,560,039 and 12,339 loans funded in 2012.

The direct mortgage lender experienced great achievements and recognition in 2012 to go with their increase in mortgage volume.

In October, they ranked No. 42 on the Orange County Business Journal's 6^th annual list of fastest-growing private companies in Orange County with a 169.4% two-year revenue growth.

In August, Inc. magazine included New American Funding on its exclusive INC 5000 list of the nation's fastest-growing privately held companies. New American Funding was ranked at No. 560 for its 3-year growth of 666%.

Finally, in December, The Orange County Register named New American Funding as one of the Top O.C. Workplaces for 2012.

In 2013, the mortgage banker anticipates opening 16 new branches across the country, including Colorado, Nevada, Arizona and Utah, as well as expanding their offices in California.

About New American Funding

New American Funding is a Fannie Mae Direct Seller/Servicer, a Freddie Mac Direct Seller/Servicer, FHA Direct Endorsement – HUD Approved, and VA Automatic mortgage lender with approximately 600 employees. The company is licensed in 24 states, funds over $400 million a month in home loans, and offers a variety of home loan options including FHA 203(k) home improvement loans, Conventional, FHA, Fixed Rate and Adjustable Rate Mortgages, VA, HARP 2.0 and Jumbo Loans. It has a total servicing portfolio of almost $2 billion.

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

SOURCE New American Funding