New American Funding Overview
Pro stress-test →Founded in 2003, New American Funding has become one of the most recognized names in the mortgage industry with more than 270 branches in 43 states. The lender services the majority of the mortgages it originates, too, and maintains a portfolio of $70 billion worth of home loans. New American Funding specializes in providing full-service mortgage lending with a strategic focus on underserved communities.
Strategic Profile
Pro stress-test →The company sets itself apart as a mortgage lender making strides in meeting the needs of underserved communities who have faced discriminatory lending practices, with a goal to provide $20 billion of new mortgages to Black families and $10 billion of new mortgages to Latino families by 2028. The lender's large portfolio includes fixed-rate and adjustable-rate mortgages, VA loans, FHA loans, USDA loans, jumbo loans, and its proprietary I CAN Mortgage.
Competitive Landscape
Pro stress-test →New American Funding competes against national mortgage lenders including Wells Fargo, Chase, Bank of America, and specialized online lenders like LoanDepot and Better.com. The company differentiates through its equity-focused strategy, proprietary loan products, and extensive branch network, positioning itself as a borrower-friendly alternative with customizable loan terms and specialized programs for underserved communities.
Industry Context
New American Funding operates in Residential mortgage lending.
Key facts
Founded: 2003 · Headquarters: Tustin, US · Employees: N/A · Revenue: N/A · Market cap: N/A