First U.S. College of Business named after a Latina
It is aimed at face-to-face, distance and non-traditional undergraduate and graduate students.
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Patty Arvielo, CEO and co-founder of New American Funding (NAF), the nation's largest Latina-owned and privately-owned mortgage company, and Vanguard University, recently announced the creation of the Patty Arvielo School of Business and Management in honor of the Latina entrepreneur
Arvielo published on her LinkedIn profile:
To be the first Latina with a University Business School in her namesake is beyond an honor.
About the Business School
Officially launched to debut in the 2024-2025 Academic Year, the Patty Arvielo School of Business, the First in the U.S. named for a Latina, will serve on-site, distance, and nontraditional undergraduate and graduate students in business, communication, organizational psychology and people operations.
“We are honored to align our business programs under Patty Arvielo’s name because of who she is—a phenomenal business leader and role model for Hispanic, female and all students whose life story and work demonstrate what is possible,” said Michael Beals, Vanguard president.
The opening of the new Patty Arvielo School of Business and Management follows a recent donation of an undisclosed amount from the Arvielo family.
Vanguard officials aim to recruit faculty and find a founding dean for the business school by fall 2024.
The daughter of a Mexican immigrant, Arvielo is an award-winning, self-made businesswoman.
Beginning her career at age 16, Arvielo learned about the mortgage industry from scratch before co-founding NAF, a company that under her leadership has become the largest Latina-owned mortgage firm in the U.S. and one of the top 20 companies major mortgage companies nation wide, with a servicing portfolio of more than 241,000 loans for approximately $63,9 billion.
“As a role model for women in business, she continues to guide the company in a progressive direction by creating a diverse and inclusive culture. Patty champions the underserved in the housing sector and leverages 40 years of mortgage experience as a national influencer and active servant in her community,” highlights her LinkedIn profile.
Her experience and influence extend to committees within the industry, including the Mortgage Bankers Association (MBA) Affordable Homeownership Advisory Council, as well as community organizations such as Big Brothers and Sisters (BBBS) of Orange County, where she is currently a member of the Executive Board.
“I'm still in awe. You never know what life has in store for you when you work hard on things you are passionate about. Thank you to the Vanguard University community and my friends and family that made this moment so special. I will never forget it,” added Arvielo.