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New American Funding Announces Expansion

Tustin, California-based New American Funding announced it is increasing its national footprint to include the Northeast, Southeast, Midwest, Southwest, and Mid-Atlantic.

The lender says by news release that it has grown substantially in the last several years, that the company now has more than 180 nationwide locations and approximately 4,800 employees.

With this expansion, the company says, it is "doubling down on its growth strategy and will focus on building in strategic markets across numerous regions of the U.S."

The expansion effort includes strengthening high-level company leadership in the target markets, which will enable the company to focus on increasing its foothold in these emerging markets.

Leading the expansion is New American Funding Director of National Retail Sales, Sam Ellsworth, along with other key members of the company's regional leadership, including:

  • Kelly Allison – Vice President, Southeast
  • Ellysa Cummings – Senior Vice President, Great Lakes
  • Hamid Hamrah – Senior Vice President, Midwest
  • Miguel Mouriz – Regional Manager, Florida
  • James Bromwell – Area Manager, Mid-Atlantic
  • Eric Fellows – Regional Manager, Tennessee
  • Michele Hoefle – Regional Sales Manager

The team will be actively recruiting sales leaders and top originators to join New American Funding, which is consistently recognized as a top employer, including as a Best Workplace in Financial Services & InsuranceBest Workplace for Women, and a Best Workplace for Millennials.

"We feel the time is right to shift our expansion into overdrive," Ellsworth said. "This move will allow the company to help even more families buy their dream home and build a foundation for their financial future."

About the company:

New American Funding is an independent mortgage lender with a servicing portfolio of over 197,000 loans for approximately $51.4 billion, 181 nationwide locations, and about 4,800 employees. The company offers several niche loan products and has made Inc. 5000's list of Fastest-Growing Companies in America six times. It offers state-of-the-art career training and provides its branch loan officers with innovative technologies to streamline the mortgage process.

About Author: Christina Hughes Babb

Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media/Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning news, among others. Contact Christina at christina.hughesbabb@thefivestar.com.
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