SPECIAL REPORT
HOT 100 PATTY ARVIELO President NEW AMERICAN FUNDING
In more than 35 years in the mortgage industry, Patty Arvielo has continually demonstrated her passion for making sure everyone has an equal opportunity to achieve the American dream. In 2016, she formed the New American Dream Initiative, which seeks to raise awareness and increase homeownership among African-American communities by building consumer confidence through home-buying education and accessibility to relevant home loans. In the same year, Arvielo collaborated with Freddie Mac to establish and launch a unique mortgage pilot program called Your Path, which extends affordable homeownership opportunities to a broader demographic of American borrowers via Freddie Mac’s low-down-payment Home Possible mortgages. Arvielo was just as busy in 2017. She created the Community Lending Division, which fosters nationwide partnerships with nonprofits and community banks to provide affordable loan programs and homebuyer education to consumers. In May, Arvielo announced her company’s commitment with the National Association of Hispanic Real Estate Professionals to increase Hispanic homeownership by lending $25 billion in new mortgages to Hispanic borrowers by 2024. In July, the CFPB appointed Arvielo to its Consumer Advisory Board, and in October, Arvielo hosted an event called “Ahead of the Curve,” which focused on discussing the millennial generation, technology, marketing and addressing the needs of LMI communities. On top of all of these accomplishments, Arvielo continues to manage nationwide operations and sales for New American Funding and still originates her own loans. She also sits on numerous committees and continues to pursue her passions of helping underserved markets achieve homeownership and mentoring women in the mortgage industry.
ROHIT GUPTA President and CEO GENWORTH US MORTGAGE INSURANCE
As the president and CEO of Genworth US Mortgage Insurance, Rohit Gupta works with lenders, regulators and policy leaders to advocate for the value of mortgage insurance to a sustainable housing finance system. Gupta has also served as chairman and remains a board member of the US Mortgage Insurers trade association, and serves on the boards of Genworth Mortgage Insurance Canada, the Genworth Foundation, the American Cancer Society Triangle Leadership Council and Pratham USA. Prior to being named CEO of Genworth’s US operations, Gupta was the company’s chief commercial officer and SVP of products, intelligence and strategy, as well as vice president of commercial operations. Gupta began his career with FedEx in strategic marketing, where he was responsible for competitive intelligence and market analysis to support FedEx senior management. He also served as a product manager at GE Capital, in addition to various other marketing and commercial roles.
12
www.mpamag.com
JEFF BODE Owner and CEO MID AMERICA MORTGAGE
Under Jeff Bode’s leadership, Mid America Mortgage has built a reputation as one of the industry’s foremost adopters of e-mortgage technology and digital mortgage processes. Most recently, the company launched Click n’ Close, a new digital mortgage approval and closing platform that provides homebuyers with a fast, simple and secure experience, getting them from application to closing within two weeks and putting keys in the buyer’s hand in 15 minutes or less. Mid America Mortgage has also entered into official partnership agreements to make Click n’ Close the official mortgage provider of NASCAR and a partner of Richard Petty Motorsports. Bode became owner of Mid America Mortgage in 1989 and was the first lender to develop an interface inside Calyx’s Point software to enable brokers to price, lock, underwrite and receive loan status through Point. In 2003, Bode sold the company’s assets to Aegis Mortgage and focused on developing Mortgage Machine Services, the loan origination system the company uses today. After re-entering the industry in 2007, Bode purchased Schmidt Mortgage Company in 2010, reorganized its operations and incorporated the loan production of another mortgage operating unit he previously managed, relaunching the company in December 2011 as Mid America Mortgage.