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Rick and Patty Arvielo at unveiling of Patty Arvielo School of Business and Management at Vanguard University

in a beautiful neighborhood , and close to a good school district ,” said Carmen . “ We were there a long time . Patty was the 25th Silver Anniversary Miss La Mirada .”

Patty , and Carmen , have come a long way since then .

After learning the mortgage industry from the ground up , Patty Arvielo ( her married name ) co-founded New American Funding in Tustin in 2003 and grew it into one of the largest independent mortgage lenders in the country and the largest Latina-owned private mortgage company in the nation , with a servicing portfolio of over 241,000 loans for $ 63.9 billion . The company ’ s Latino Focus and New American Dream initiatives were launched by Patty Arvielo with the goal being to enhance the quality of the lending experience for Latino and Black homebuyers .

Thanks to her business acumen , Patty bought her mother a house in Corona del Mar . “ It ’ s a really nice house ,” said Carmen . “ I love everything here . I take my little dog to the beach once a week and I talk to everybody . Patty and her husband are building a few properties down here , and I tell everybody , ‘ these are my kids .’”

Carmen ’ s kid , Patty , learned from her mother ’ s example of how hard work pays off . In fact , Patty was recently honored by Vanguard University , a Hispanic-Serving Institution ( HSI ) and leader in broadening impact and expanding opportunities for first-generation students .

Vanguard University announced the naming of the Patty Arvielo School of Business and Management , adding the latest phase to its recent academic restructuring into multiple Schools and a College of the Arts and Sciences . The Arvielos have partnered with Vanguard ’ s vision in sponsoring the largest academic donation in the university ’ s 103-year history .

SURPRISE UNVEILING A surprise unveiling of the new school ’ s name took place on the Costa Mesa campus in the Waugh Student Center at 10 a . m . on April 19 to an unsuspecting Patty Arvielo and nearly 800 cheering students , faculty , staff and supporters — a “ take your breath away ” moment for both the Arvielos and the Vanguard community .

“ I ’ ve never been so surprised in my life ,” said Patty Arvielo , teary-eyed after the reveal . “ For someone who didn ’ t think she was smart — or fit the profile of what smart means in America — my story is important and I share it to empower you . Because that ’ s what this country offers and that is why our grandparents and parents came to this great country , to offer us the opportunities to succeed ! I love this with all my heart . And now , I have more familia — so thank you .”

And what was Carmen ’ s reaction to her daughter ’ s honor ?

“ I had no idea . It blew me away , I was crying ,” said Carmen . “ It was a big deal for me to see all of the Latino kids there . I loved it . I couldn ’ t believe it . It surprised me that Patty was so overwhelmed and surprised . I ’ m happy for her , it was amazing . She deserves it because she really has invested in her Latina community and supports the community a lot .”

After the ceremony , one of the coaches in the school came over and talked to Carmen , and said “ Señora , my mom also cleaned houses . I understand how you feel because my mom is very proud that I ’ m working here at Vanguard and doing well . A lot of us come from Mexico with a dream to make good money and buy a house and support your kids and it ’ s heartwarming to see that Patty has made the most of the opportunity here by working hard , and now she ’ s being

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