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?

Patricia Arvielo: I don’t know that anybody that I’ve ever spoken to in almost 35 years of being a mortgage banker has had the dream of being a mortgage banker. I fell upon an entry-level job because even though I was very young, I was inspired by earning the almighty dollar. TransUnion Credit happened to be the highest paid hourly job I could find. I got that job when I was 16 and I was a data entry clerk for thecompany, whereby I would input derogatory credit on mortgage factual reports. At that point I would take the calls from the people ordering the reports and I would ask them questions like, “Why do you need these reports?” and they said, “Because we do mortgage loans.” So I asked, “What’s that take? How much do you make?” They made more than I did so of course I went and looked for an entry-level job at a mortgage company. Again, being very young, my motivation and inspiration was to make more money and become independent so I could buy a new car and wear the clothes I wanted; as you can imagine, being a 16 or 17-year-old girl, that was important.
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