Growth with New American Funding
Rick Arvielo, with New American Funding, withstood the market collapse through shrinking his operation to a bare minimum, but his company was struggling to survive.
In 2008, we teamed up with him to re-enter the mortgage business. We started doing loan modifications and FHA streamline refinances, developing one of the highest success rates in the industry.
This triggered a massive growth period for us and New American. As a result, we stopped performing loan modifications completely to concentrate our attention on mortgage products.