Rick Arvielo Appointed Chairman of MORPAC for 2017-2018

WASHINGTON, D.C. (January 12, 2017) – (RealEstateRama) — The Mortgage Bankers Association (MBA) has announced that Rick Arvielo, CEO of New American Funding, was appointed chairman of the Mortgage Bankers Association Political Action Committee (MORPAC) for the 2017-2018 election cycle, by Rodrigo Lopez CMB, MBA chairman and Executive Chairman of NorthMarq Capital, and David Motley, MBA Chairman-Elect and President of Colonial Savings, F.A. and its divisions — Colonial National Mortgage and CU Members Mortgage. Arvielo succeeds Jamie Korus who served as MORPAC Chairman for the 2015-2016 election cycle.

“MBA is fortunate that Rick has agreed to serve as Chairman of MORPAC,” said Lopez. “His leadership skills, relationships within the industry and work ethic will ensure that he will build upon the overwhelming success already established by his predecessors.”

“Also, I want to thank Jamie Korus for her service as MORPAC Chairman, and acknowledge that MORPAC raised over $2 million in the 2015-16 election cycle,” said Lopez. “This could not have happened without Jamie’s leadership and involvement in both MBA and the industry.”

Arvielo currently serves as CEO of New American Funding. He sits on both the steering committee for the Mortgage Action Alliance Committee, and the Residential Board of Governors (RESBOG). He was honored by Ernst and Young as the 2016 EY Entrepreneur of The Year® Orange County, recognized by the Orange County Business Journal with the Excellence in Entrepreneurship Award, and ranked among Mortgage Executive Magazine’s 100 Most Influential Mortgage Executives.

CONTACT
Rob Van Raaphorst

(202) 557- 2799

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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