TUSTIN, Calif., Oct. 28, 2021 /PRNewswire/ -- New American
Funding, a national leader in the mortgage industry, announced
today that it has entered into a strategic partnership with CBC
Mortgage Agency to expand the offering of its Chenoa Fund Down
Payment Assistance program to affordable home buyers.
The program rollout focuses on offering New American Funding's
loan origination services to the numerous non-profit affordable
homebuilders, veterans' organizations, and other community housing
development organizations throughout the country.
"New American Funding has a proud history of championing
accessible and affordable homeownership," said Patty Arvielo,
Co-Founder and President of New American Funding. "By partnering
with CBC Mortgage Agency and its Chenoa Fund Down Payment
Assistance program, we are fully committed to helping diverse
groups of individuals with differing income levels realize their
dreams of homeownership and enhance their quality of life."
"We are thrilled about the partnership with New American Funding
and the opportunity to expand homeownership to underserved
communities through our Chenoa Fund program," said Tai Christensen, Director of Government Affairs
for CBC Mortgage Agency. "Together, and in coordination with our
minority outreach efforts, we are committed to increasing
homeownership opportunities for creditworthy Americans."
New American Funding and CBC Mortgage Agency have named
Mark Tribuna, Regional Business
Development Manager, to lead the effort.
Tribuna has served as Co-President for a Dallas-based non-profit lender specializing in
approving affordable home loans for local home buyers. More
recently, he worked as Lead Consultant for one of the nation's
largest affordable homebuilders and was tasked with creating new
programs/products supporting the mortgage-lending activities of its
nearly 1,200 affiliates who build thousands of homes annually.
The CBC Mortgage Agency mission is to increase nationwide
affordable and sustainable homeownership, with a focus on
creditworthy, low, and moderate-income individuals.
About New American Funding
New American Funding is an independent mortgage lender with
a servicing portfolio of 210,000+ loans for approximately $55
billion, 173 nationwide locations, and about 4,500 employees. The
company is a 2021 Mortgage Professional America 5-Star Retail
Lender and has made Inc. 5000's list of Fastest-Growing Companies
in America seven times. It offers state-of-the-art career
training and provides its branch Loan Officers with
innovative technologies to streamline the mortgage process.
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SOURCE New American Funding