Patty Arvielo is a self-made entrepreneur with more than 40 years of experience in the mortgage industry. She co-founded and leads the nation’s largest Latina-owned mortgage company, New American Funding. Arvielo manages the company’s operations and sales, while overseeing 172 locations and approximately 3,900 employees nationwide. She also oversaw the creation and expansion of the company’s retail lending operation, which grew a small local operation to a national powerhouse with 172 locations and thousands of employees across the country that has delivered origination growth of as much as 50%-60% every year for the last nine years.
She is a 13-time Stevie Award winner, including recently being named Female Entrepreneur of the Year and Maverick of the Year at the 2021 Stevie Awards for Women in Business. Patty was also inducted into the EY Entrepreneur of the Year Hall of Fame, named one of Most Powerful Women in Mortgage by Mortgage Banker Magazine, recognized as one of the Top 100 Most Influential Latinas by Latino Leaders Magazine, and named Latina Style’s Latina Executive of the Year.
A champion of fairness and equality, Patty created the Latino Focus and New American Dream initiatives, which aim to increase lending to underserved communities. Patty is leading the industry to help minority borrowers attain the dream of homeownership.
Additionally, Patty serves on the National Park Foundation Board of Directors, where she is instrumental in the creation of the LatinX Project to symbolize the Latino culture in America throughout our parks. Patty is also serving a three-year term on the Harvard Kennedy School Board and serves on the Board of Directors for Century Communities. She is also a member of the Mortgage Bankers Association Residential Board of Governors, the Latino Donor Collaborative Board, Board of Directors of Big Brothers Big Sisters of Orange County, and the Mortgage Bankers Association Affordable Homeownership Advisory Council. She was also recently re-appointed to serve as a member of the Housing Counseling Federal Advisory Committee, a group that advises the Department of Housing and Urban Development on ways to build sustainable homeownership.
Patty is a popular speaker and featured expert on mortgage lending, homeownership, minority lending and serving underserved communities. She is also an active lobbyist for the housing industry and minority interests in Washington, D.C. and with numerous state governments.