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Find a Location

New American Funding has 128 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.

    Business ProfileforNew American Funding

    Mortgage Broker
    HeadquartersMulti Location Business
    BBB accredited business
    The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

    Additional business information

    Government Actions:
    Government Action: BBB reports on known government actions involving business’ marketplace conduct:
    Commonwealth of Massachusetts v Broker Solutions Inc

    The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

    On January 26, 2023, Broker Solutions Inc entered into a Consent Order with the Commonwealth of Massachusetts. The Order settles allegations that the business facilitated an unlicensed mortgage lender and mortgage broker activity in Massachusetts when the business NMLS number was displayed on another entity's webpages and marketing materials. Under terms of the order, the business agrees to pay $25,000 in an administrative penalty, and refrain from facilitating unlicensed activity. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. 

    This action is final.

    At-a-glance

    Customer Reviews

    4.18/5stars

    Average of 634 Customer Reviews

    Customer Complaints

    150 complaints closed in last 3 years

    56 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 9/15/2004

    Years in Business: 24

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Overview

    This offers offers mortgage broker services.

    Business Details

    This is a multi-location business.

    Find a Location

    New American Funding has 128 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      Headquarters
      14511 Myford Rd Ste 100, Tustin, CA 92780-7057
      BBB File Opened:
      9/26/2013
      Years in Business:
      24
      Business Started:
      7/30/1999
      Business Incorporated:
      6/19/2002
      Accredited Since:
      9/15/2004
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      Type of Entity:
      Corporation
      Alternate Business Name
      • Broker Solutions Inc
      Business Management
      • Mr. Enrico Arvielo, Owner
      • Ms. Patricia Brown, Member
      • Ms. Christy Bunce, Member
      • Ms. Amy Dale, Manager
      Contact Information

      Principal

      • Mr. Enrico Arvielo, Owner

      Customer Contact

      • Mr. Enrico Arvielo, Owner
      • Ms. Patricia Brown, Member
      • Ms. Amy Dale, Manager
      Additional Contact Information

      Phone Numbers

      Email Addresses

      Website Addresses

      Customer Complaints

      150 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      05/08/2024

      Complaint Type:
      Billing Issues
      Status:
      Resolved
      I have a mortgage with New American Funding. I received covid forbearance initially until late 2023. I then--at New American's suggestion--applied for *** in the ********************. I informed them of that as well. They advertise that they work with each state's authorities, but in actuality they do nothing and don't work with them at all and refuse to communicate with them.I have been waiting 7 months on the District authorities to process the application. I informed New American by phone when submitted in October and November. They then sent a notice through an obscure out of state firm, ************************** P.C. that they are seeking to collect a debt while simultaneously providing a pro forma 30-day notice in the form of a one-page information of *** funds--the same funds I already applied for and informed them of. I then provided an official status letter from the District's *** administrator as to the status of my application. I never heard back after they said they provided the information to New American. The craziest part is that New American wants to reinstate payments which would eliminate any outstanding debt and make it impossible to receive the *** funds. Obviously, that's more money for New American in the long run, but it's costly to the applicant. So they provide info regarding *** funds but don't make any efforts to accommodate the process, despite advertising that they work with said authorities.Now I get a notice that they initiated foreclosure. The application has been in process for 7 months. yet they sent me a letter about *** funds a month ago. How can they make that recommendation a month ago, but not accept an application at their recommendation that's already been in the works 7 months? It makes no sense at all, except that it's a deceptive business practice and false advertisement.
      Read More

      Customer Reviews

      634 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      George K

      5 stars

      07/01/2024

      Great ! Treated you as a person not a loan number

      New American Funding Response

      07/03/2024

      Thank you, ****************, for your time to share your recent loan experience with us. We value your feedback and look forward to sharing your review with our management team. Please feel free to reach out to us, should you require any further assistance. Respectfully, **************** Management 

      Local BBB

      Better Business Bureau Serving the Pacific Southwest

      BBB Reports On

      BBB reports on known marketplace practices.

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