New American Funding Promotes Christy Bunce to President

Arvielo and Rick, her husband, founded New American Funding twenty years ago. Bunce joined NAF as an Operations Manager in 2008. Bunce's position at NAF grew with the company. Bunce was appointed Chief Operating Officer in 2012. New American Funding's business has grown exponentially and so has its workforce. Bunce joined New American Funding in 1999 with a small retail presence and only a handful of employees. Rick Arvielo, co-founder and CEO of NAF stated that "Christy Bunce is truly an invaluable asset to our company over many years." Arvielo said, "Her leadership, experience and insight will continue be crucial as we expand into exciting other areas than mortgages and continue our mission to help deserving individuals achieve their dream of homeownership." These moves could not have come at a better moment as we look forward to the future for our incredible company. Bunce was previously the COO of New American Funding, where she managed the day to day operations of one the largest lenders in the country. Bunce was also responsible for the establishment and expansion of the company’s mortgage servicing division. This became an industry icon after it was named the best mortgage broker for client satisfaction by the J.D. Bunce was a key player in New American Funding's transformation to Freddie Mac, Fannie Mae and Ginnie Mae direct lenders, sellers, and servicers over the course of her career. Patty Arvielo, Rick Arvielo and Rick Arvielo will continue to be the CEO of NAF. Arvielo founded New American Funding's Latino Focus initiative and New American Dream initiative. These initiatives were created to increase homeownership and raise awareness about the mortgage industry among Hispanics and Black communities. New American Funding, an independent mortgage lender, has a portfolio of over 243,000 loans and approximately $64.2 billion in servicing. It also has 170 locations nationwide. J.D. ranked New American Funding #1 in 2022. J.D. Power in Customer Satisfaction among Mortgage Services. In 2022, the company was ranked #18 on Fortune 100 Best Companies to work for(r). SOURCE: New American Funding