Leadership Changes at New American Funding
New American Funding (NAF), a well-recognized independent mortgage lender, is taking significant steps to strengthen its retail division by promoting key individuals within its ranks. Under the guidance of Pat Bolan, the chief production officer, Tony Blodgett has been promoted to oversee retail operations for the western region of the United States. Meanwhile, Andy Pettola will take charge of the retail operations in the eastern region. Bolan will continue to lead the overall retail and reverse mortgage businesses.
Strategic Initiatives for Growth
With these strategic promotions, Blodgett and Pettola will now manage a network of over 270 branches and lead a retail sales team comprising nearly 1,400 loan officers and branch managers. Their primary focus will be on crafting and executing effective sales strategies while prioritizing the recruitment of top talent to accelerate retail growth within this competitive market.
Proven Leadership and Vision
"Tony and Andy have consistently showcased a mindset geared towards innovative growth while significantly enhancing our market presence over recent years," said Bolan. His confidence in their strategic vision aims to affirm NAF's leadership position in the retail mortgage sector.
Division Management and Responsibilities
Blodgett will retain his oversight of the North Mid-West Division, while Milt Karavites, now the divisional executive vice president for the Mountain and South, will report directly to him. Pettola will continue to lead the Northeast and Southeast Divisions with the additional responsibility of overseeing other regions. Elly Cummings, who is the divisional executive vice president for the Great Lakes, Florida, and Puerto Rico, will also report directly to Pettola.
Focused on Continuous Improvement
By empowering Blodgett and Pettola, NAF is emphasizing its commitment to a strong retail leadership structure. The need for innovative sales strategies and high-performance recruitment has never been more critical given the current landscape of the mortgage lending industry. The organization's focus on strategic growth aims to capitalize on their industry expertise to fuel expansion.
Creating Opportunities for Success
These management changes exemplify New American Funding's dedication to nurturing a powerful and adaptable retail leadership team. By addressing the evolving needs of the mortgage market, NAF looks to secure its ongoing success and establish a more resilient operational framework.
About New American Funding
New American Funding is an independent mortgage lender committed to supporting its extensive customer base. With a servicing portfolio that includes more than 278,000 customers and a total value exceeding $72 billion, NAF operates across 282 locations nationwide. The company is proud to have been recognized in the Fortune 100 Best Companies to Work For and acknowledged as one of America's Greatest Workplaces for Women.
Frequently Asked Questions
What are the recent leadership changes at New American Funding?
New American Funding announced the promotions of Tony Blodgett to lead retail for the western U.S. and Andy Pettola to oversee the eastern U.S. retail operations.
How many branches will Blodgett and Pettola manage?
Together, they will manage over 270 branches and nearly 1,400 loan officers and branch managers.
What is the main focus of the new executives?
Their main focus will be to develop sales strategies and recruit talent to enhance retail growth.
What accomplishments does New American Funding have?
NAF has a servicing portfolio valued at over $72 billion and has received accolades such as being listed in Fortune 100 Best Companies to Work For.
What is the significance of these leadership changes?
These changes highlight NAF's commitment to strong leadership and strategic growth in the mortgage lending market.
