Nationwide lender New American Funding was just listed – for the fifth consecutive year – as one of the Best Workplaces for Millennials by FORTUNE and Great Place to Work.
This year, the mortgage lender ranked #23 out of 100 companies.
The Best Workplaces for Millennials award is based on analysis of survey responses from more than 5.3 million current employees. In the survey, 96% of New American Funding’s employees said the company is a great place to work. This number is 59% higher than the average U.S. company.
“It is a tremendous honor to be recognized again as one of the best workplaces for Millennials,” said Rick Arvielo, CEO of New American Funding. “Our Millennials are one of the driving forces behind our success and have allowed us thrive even during the pandemic.”
The company currently employs 4,800 people, 179 nationwide locations, and has a servicing portfolio of over 201,000 loans for approximately $52.5 billion. The company has already hired more than 1,191 new employees this year.
Millennials comprise 38% of the company’s workforce, while women and minorities make up 60% and 45%, respectively.
To foster employee growth, the company supports an initiative known as NAF360, which drives a culture of all-around respect for each individual they employ or do business with. In addition, through personalized mentorship programs, the company offers opportunities for career growth and advancement.