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Laguna Hills
Monday, Jul 22, 2024
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RICK ARVIELO

 CO-FOUNDER, CEO, NEW AMERICAN FUNDING

WHY: Along with his wife, Patty, founded Tustin-based firm in 2003 that is now among top 10 nationwide in non-banking mortgage lending.

RECENT: Fed’s drop in interest rates has caused an explosion in revenue, which almost doubled to $824M in TTM ended June 30; was second-fastest grower on this year’s Business Journal list of private companies topping $100M.

QUOTABLE: “When interest rates dropped, it was like the floodgates opened up.”

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