For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. to enhance its presence in the Midwest and along the East Coast. HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market.

Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently. What made Draper and Kramer a good fit for NAF to acquire?

Rick details ⇒