President and Co-founder of New American Funding
PATRICIA ARVIELO With over 30 years of experience in the mortgage industry, Patty Arvielo has helped create one of the fastest growing mortgage bankers in America, New American Funding. From running around the streets of Tijuana to walking the Great Wall of China, she recounts her formative experiences and describes how she is the American Dream. NAWRB: What inspired you to enter the mortgage industry at the age of 16, and at that time, what did you envision being your lifelong career? Are you interested in any other professional fields, and did you ever consider career paths outside the mortgage industry?
try’s built, how it’s currently running, my feelings about it and how housing has such a large impact on the economy. I’m trying to get out there in a positive way to influence government entities, all the way down to the private sector, to ensure that our underserved are able to obtain homeownership at a better rate than they are currently.
Patricia Arvielo: I don’t know that anybody that I’ve ever spoken to in almost 35 years of being a mortgage I’ve been doing the same thing banker has had the dream of almost 35 years. I love what I do. being a mortgage banker. I fell It’s just a matter of taking what upon an entry-level job because I’ve learned and using it in a poseven though I was very young, itive manner. I was inspired by earning the almighty dollar. TransUnion Credit NAWRB: Let’s take that to happened to be the highest paid the next level. Are you thinking hourly job I could find. I got that about running for an office, or job when I was 16 and I was a being a voice speaking on behalf data entry clerk for the company, of political campaigns? whereby I would input derogatory credit on mortgage factual reports. Patricia Arvielo: Well, I did At that point I would take the just get a text last week to see calls from the people ordering Patricia Arvielo (left) with younger sister (right) if I would consider running for the reports and I would ask them questions like, “Why do you need these reports?” and Newport Beach Mayor. If you would have asked me five they said, “Because we do mortgage loans.” So I asked, years ago I would’ve said no, but now after five years of “What’s that take? How much do you make?” They tremendous growth and realizing that I played an immade more than I did so of course I went and looked for portant part of that growth, I’ve gained the confidence an entry-level job at a mortgage company. Again, being I think is required to get out there. I think America’s very young, my motivation and inspiration was to make looking to get away from the political points and just more money and become independent so I could buy a really have the natural voice needed to get things done new car and wear the clothes I wanted; as you can imag- anywhere, in work and at home. It comes down to the basic elements of communication and leadership, and I ine, being a 16 or 17-year-old girl, that was important. think I’m pretty good at leading people. I’ve recently been drawn to the political arena, as an influencer and a voice for the housing market. That’s So I wouldn’t say no to that question, but it’s definitely been my new hobby, to really focus on how this coun- just in its infancy. I’ve been growing and learning more NAWRB MAGAZINE |
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