New American Funding Promotes Key Leaders to Drive National Retail Division Growth

TUSTIN, Calif., July 14, 2025 /PRNewswire/ -- New American Funding (NAF), a leading independent mortgage lender, today announced organizational changes within its retail division. Pat Bolan, NAF's chief production officer, has promoted Tony Blodgett to lead retail for the Western United States and Andy Pettola to lead retail for the Eastern United States. Both will report to Bolan, who remains the head of retail and the reverse mortgage business.

Under Bolan's leadership, Blodgett, NAF's executive vice president of national retail sales – west, and Pettola, NAF's executive vice president of national retail sales – east, will manage more than 270 branches and a retail sales team of nearly 1,400 loan officers and branch managers. Together, they will develop and implement sales strategies, and focus on recruiting top talent to drive retail growth.

"Tony and Andy have consistently demonstrated a forward-thinking approach to growth, driving NAF's expansion and significantly increasing our market share over the past few years," said Bolan. "Their leadership and strategic vision have been crucial to our success, and I have every confidence that they will continue to propel our growth, further solidifying NAF's position as a leader in the retail mortgage landscape."

Blodgett will continue managing the North Mid-West Division. Milt Karavites, divisional executive vice president for the Mountain and South, will now report directly to him.

Pettola will remain as the leader of the Northeast and Southeast Divisions. Elly Cummings, divisional executive vice president for the Great Lakes Florida and Puerto Rico, will now report directly to him. Additionally, Tom Boyd and Russell Calvert, both divisional executive vice presidents, will continue to co-lead the Texas Division under Pettola's leadership.

Blodgett and Pettola will drive strategic growth by helping NAF's retail sales team develop effective sales strategies and recruiting high-performing loan officers to fuel expansion in a competitive market. These promotions highlight NAF's commitment to building a robust and dynamic retail leadership team, ensuring sustained success and growth in the mortgage lending industry.

About New American Funding
New American Funding is an independent mortgage lender with a servicing portfolio of more than 278,000 customers representing $72 billion in value and 282 locations nationwide. NAF was recently named to the Fortune 100 Best Companies to Work For^® in 2025. NAF was also named one of America's Greatest Workplaces for Women 2025 by Newsweek. The company offers state-of-the-art career training and provides its branch Loan Officers with innovative technologies to streamline the mortgage process.

Media Contact:
Mattie Van Gundy
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SOURCE New American Funding