GILBERT, Arizona., March 2, 2022 /PRNewswire/ — Headquarters in Gilbert, Ariz, Champions Funding LLC joins the Non-Qualified Mortgage (Non-QM) marketplace to provide mortgage brokers with a variety of wholesale lending products targeted to their diverse customers who have non-traditional credit profiles and cannot be approved with standard financing or are among the largest in the Landes belong to needy communities. Demand for alternative lending solutions is booming in response to declining mortgage applications and limited access to financing options for a subset of borrowers. The company’s flagship products enable the broker community to: a 1 trillion dollars market and serve historically underserved communities across the country.
Champions Funding LLC is one of the few mortgage lenders designated by the Treasury Department as a Community Development Financial Institution (CDFI) to generate economic growth in distressed communities. By offering modern and flexible lending solutions, Champions Funding LLC recognizes that CDFIs play a critical role in the delivery of home ownership through its brokerage partners and is proud to be part of this order-based policy.
Led by two industry titans, the CEO of Champions Funding, LLC, Evan M Steinand Chairman Patty Arvielo, CEO of New American Funding, they have built a talented team of innovators and highly motivated mortgage professionals to create opportunity in today’s mortgage market.
Evan M Stein, CEO and Chairman of Community Savings, enables the team to respond quickly to the market, provide superior levels of service and dedicated support through its Account Executive partners. Mr. Stone is Chairman of the newly acquired Community Savings Bank and a co-owner and partner of agency Rep1 Sports, which recently represents top names in the NFL, MLB and NBA Cooper Kupp, Super Bowl LVI MVP. As the former Founder/CEO of Pacific Union Financial, owner of ClearVision Funding and a variety of other companies he has owned, his day-to-day activities are focused on the success and growth of the mortgage brokerage community and are hyper-focused on building a strong team that will… and support their customers.
Speaking of his new venture, Stone said, “You don’t name your company champions just to come second.” to offer to make homeownership dreams come true with a solution-oriented and responsible lending approach. We are ready to deliver on our mission to serve the historically underserved markets.”
Patty Arvielo, Chairman of Champions Funding LLC, is co-founder and CEO of New American Funding – the largest independent Latino-owned mortgage lender in the United States – where she continues to support the mortgage industry through legislation and lobbying on behalf of homeowners. Patty created the award-winning Latino Focus and New American Dream initiatives to improve the home loan experience for Hispanic and African American homebuyers. Patty’s leadership and voice extends to numerous committees within the industry, including the Mortgage Bankers Association (MBA) Affordable Housing Advisory Committee and the MBA Residential Board of Governors, among others. She is co-owner and president of #WEALLGROW Latina – a digital media company focused on elevating the voices of Latin American entrepreneurs through mentorship.
Both Stone and Arvielo are Champions for CDFI designation and work with the Champions team and brokerage partners to raise awareness of the opportunities available to all homebuyers of all races, nationalities and income types. It supports the wholesale mortgage brokerage community by offering alternative solutions through the Non-QM suite of products.
ABOUT CHAMPIONS FUNDING LLC
Champions Funding, LLC is a nationwide wholesale lender offering non-QM loan options to mortgage brokers and their customers. As a community development financial institution, Champions Funding LLC empowers its brokerage partners to fulfill the dreams of their diverse homeowners and achieve the mission of serving low-income and underserved communities. It offers exciting career opportunities for experienced mortgage professionals who love their job and want to grow. Learn more at ChampsTPO.com.
View original content to download multimedia: https://www.prnewswire.com/news-releases/new-non-qm-wholesale-lender-champions-funding-llc-provides-broker-access-to-serve -a-1-trillion-market-for-underserved-communities-301494529.html
SOURCE Champions Funding LLC
