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Latina to Latina

Remix: How Patty Arvielo Built a Multi-Billion Dollar Mortgage Empire

Latina to Latina

LWC Studios

Aliciamenendez, Entrepreneurship, News, Entertainment News, 519788, Business, Latinas, Lantiguawilliams, Latinos, Hispanics, Society & Culture

4.8618 Ratings

🗓️ 7 July 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

This first-generation Latina shares her journey from entry-level employee at a credit union to co-owner of New American Funding, the largest Latina-owned private mortgage company in the nation. Patty shares how leaving corporate America to become an entrepreneur enabled her to build wealth, and the (many) mistakes she has made once, but never again. Follow Patty on Instagram @pattyarvielo. If you liked this episode, listen to How Carolyn Rodz Is Connecting Entrepreneurs with Opportunities and Why Rum Master Distiller Sylvia Santiago Will Never Quit.

Transcript

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0:00.0

We continue with our special playlist to celebrate the incredible women who've been on this show.

0:05.3

Enjoy.

0:11.4

Since she was young, Patty Arvielo knew she wanted to make money.

0:15.9

When she was 16, she began working an entry-level clerical position,

0:19.1

trans-union credit, then quickly landed a job at a mortgage company,

0:22.6

rising through the ranks from a clerical loan opener all the way to assistant VP.

0:26.6

Then she launched her own mortgage company, new American funding.

0:30.6

Now the largest Latina-owned private mortgage company in the nation.

0:34.6

Part of her success?

0:35.6

Serving communities like ours that are often cut out of the traditional home buying process.

0:40.3

And Patty's drive to make money? Well, she is a billionaire, capital B.

0:45.3

That journey would be interesting enough on its own, but in the middle of it, Patty lost nearly everything.

0:50.3

And so she's here to share what she has learned about making mistakes without ever making them twice.

1:07.1

Hi, Patty. Thank you so much for doing this.

1:10.2

My pleasure. I was so excited for today. I couldn't sleep last night.

1:13.9

That makes me so happy. Thank you.

1:16.2

I was watching you on TV Saturday. And I'm like, oh my gosh, I'm so excited.

1:21.0

Patty, your desire, your drive to earn your own money. Where does that come from?

1:26.4

At a very young age, my nana had five girls, and my grandfather abandoned all of them.

1:34.4

So my nana raised five girls on her own. And so I was the first born grandchild,

1:40.3

and I remember her telling me, you me vas to comprise a company, and of course, I'm like, what does that even mean? But I remember. And so I think that she saw in me very early on that I was very driven. And I was very focused around money because I also remember her calling me CODA. And CODA means cheap. And it was because I would like earn money and I would

2:03.0

never lend it out, which is funny that I'm in housing and finance. But it's because I thought,

...

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