New Non-QM Wholesale Lender, Champions Funding LLC, Provides Broker Access to Serve $1 Trillion Market for Underserved Communities

GILBERT, Ariz., March 2, 2022 /PRNewswire/ — Based in Gilbert, Ariz., LLC Champions Funding joins the Non-Qualified Mortgage (Non-QM) Marketplace to give Mortgage Brokers a variety of wholesale lending products tailored to their diverse clients who have non-traditional credit profiles and cannot be approved with standard financing, or are among the most distressed communities. In response to both declining mortgage application rates and limited access to financing options for a subset of borrowers, demand for alternative lending solutions is surging. The company’s flagship products provide the broker community with access to a $1 trillion market and serve historically underserved communities across the country.

Champions Funding LLC is one of the few mortgage lenders to hold a Community Development Financial Institution (CDFI) designation by the Department of Treasury to generate economic growth in struggling communities. By offering modern and flexible lending solutions, Champions Funding LLC recognizes that CDFIs play a vital role in providing equity to homeownership through its partner brokers and is proud to be part of this mission-based directive.

Led by two industry titans, the CEO of Champions Funding, LLC, Evan M. Stoneand Chairman of the Board, Patty Arvielo, CEO of New American Funding, they have built a talented team of innovators and highly motivated mortgage professionals to drive opportunity in today’s mortgage market.

Evan M. Stone, CEO and President of Community Savings, enables the team to respond quickly to market, provide the highest levels of service and dedicated support through their account partners. Mr Stone is chairman of the newly acquired Community Savings Bank and co-owner and partner of agency Rep1 Sports – representing the biggest names in the NFL, MLB and NBA – most recently Cooper Kupp, MVP of Super Bowl LVI. As the former Founder/CEO of Pacific Union Financial, owner of ClearVision Funding and various other companies he has owned, his day to day activities are focused on the success and growth of the Mortgage Broker community and are hyper focused build a strong team to support them and their customers.

Of his new venture, Stone said, “You don’t name your business Champions to get to second place.” He continued, “We are thrilled to bring together a team of highly motivated and intelligent mortgage professionals to provide a unique opportunity for diverse homebuyers to realize their dreams of home ownership with a solution-focused approach to lending. and responsible. We are ready to execute on our mission to serve historically underserved markets.”

Patty Arvielo, Chair of the Board of Directors of Champions Funding LLC, is co-founder and CEO of New American Funding – the nation’s largest Latina-owned independent mortgage lender – where she continues to support the mortgage industry through legislation and advocacy. lobbying efforts on behalf of owners. Patty created the award-winning Latino Focus and New American Dream initiatives to improve the home lending experiences of Latino and African American buyers. Patty’s leadership and voice extends to numerous committees within the industry, including the Mortgage Bankers Association (MBA) Affordable Homeownership Advisory Committee and the Residential Board of Governors of the MBA, among others. She is co-partner and president of #WEALLGROW Latina – a digital media company focused on raising the voice of Latin entrepreneurs through mentorship.

Stone and Arvielo are both Champions of the CDFI designation and work alongside the Champions Team and Broker Partners to raise awareness of the opportunities available to all homebuyers of all races, nationalities and income types. It supports the wholesale mortgage broker community by providing alternative solutions through the Non-QM product suite.

ABOUT CHAMPIONS FUNDING LLC

Champions Funding, LLC is a nationwide wholesale lender providing non-QM lending options to mortgage brokers and their clients. As a community development financial institution, Champions Funding LLC enables its broker partners to fulfill the dreams of their diverse owners and achieve the mission of serving low-income and underserved communities. It offers exciting career opportunities for experienced mortgage professionals who love what they do and want to grow. Learn more at ChampsTPO.com.

SOURCE Champions Financing LLC

About Timothy Cheatham

Check Also

More than 1.5 lakh kiranas have opted for MSME registration since the inclusion of wholesale and retail trade in MSMEs

Ease of doing business for MSMEs: So far, 1,58,319 kirana stores nationwide have opted to …