Business Details
24 Years
experience
Mortgage Loan Solutions Newport Beach CA
Back Bay Funding is a leading mortgage lending institution with over two decades of experience serving clients across Southern California and beyond. Our team of seasoned mortgage consultants has completed rigorous training to adhere to strict state and federal regulations, ensuring compliance and client trust. We specialize in offering tailored loan solutions including conventional, jumbo, FHA, VA, construction, and private money loans, prioritizing alignment with clients' long-term financial goals. Leveraging advanced technology and a network of over 50 lenders, we streamline the loan process to deliver competitive rates and close transactions in under 30 days.Our commitment to personalized service has earned us a reputation for quality relationship lending and client-focused transactions. We serve a diverse clientele, from first-time homebuyers to investors, with expertise in complex financing scenarios. Our principals bring decades of industry experience, having funded billions in residential and commercial loans collectively. Active in professional associations and community initiatives, we emphasize ethical practices and client education. With a focus on innovation and transparency, we aim to simplify the lending process while maintaining the highest standards of professionalism.
Services
Mortgage Loans
Refinance Loans
Conventional Loans
Jumbo Loans
FHA Loans
VA Loans
Construction Loans
Fixed Rate Loans
Adjustable Rate Loans
Reverse Mortgages
Details
- Year established: 2002
Highlights and features
- Experienced team with over 20 years in mortgage lending
- Access to 50+ lenders for competitive rate comparisons
- Streamlined 30-day loan origination and closing process
- Specialized expertise in complex financing scenarios
- Personalized service with ethical lending practices
Associations and certifications
- California Department of Real Estate License #01460714
- NMLS #2794
- California DFPI Financing Law License #60DBO-203911
What people say
Competitive rates
Professional staff
Timely closings
Knowledgeable team
Personalized service
Services
Mortgage Loans
Back Bay Funding offers comprehensive mortgage loan solutions for primary residences, investment properties, and second homes. Our experienced team matches borrowers with conventional, jumbo, FHA, or VA loan options tailored to their financial situation. With access to over 50 lenders, we secure competitive rates and expedite closings within 30 days through our advanced banking platform.
Refinance Loans
We specialize in mortgage refinancing solutions to reduce interest rates, access home equity, or convert adjustable-rate loans to fixed-rate terms. Our HARP program options help borrowers with underwater mortgages, while our streamlined FHA refinancing requires no appraisal in many cases. Our consultants analyze each client's unique situation to optimize financial outcomes.
Construction Loans
Our construction loan program provides financing for custom home builds and major property renovations. With flexible terms and competitive rates, we support both residential and commercial construction projects. Our team coordinates with builders and contractors to ensure smooth funding disbursements throughout the construction timeline.
VA Loans
We offer specialized VA loan programs for active military members and veterans, featuring zero-down payment options and preferential rates. Our certified consultants guide clients through VA-specific refinancing options, including cash-out and streamline refinances, while maintaining compliance with Department of Veterans Affairs regulations.
Reverse Mortgages
Our reverse mortgage solutions enable homeowners aged 62+ to access home equity without monthly payments. We provide comprehensive counseling on financial implications and coordinate with estate planners to ensure alignment with long-term retirement strategies while maintaining property tax and insurance obligations.
People
John Parenti
Co-Founder / CFO
Co-founded Back Bay Funding in 2002 with 25+ years of mortgage experience. Licensed broker since 1998, funded over $500M in loans. Active in mortgage broker associations and environmental nonprofits.
Dean Valeriano
Co-Founder / COO
Mortgage industry veteran with 30+ years' experience. Former World Savings executive who co-founded Back Bay Funding in 2002. Funded over $3B in residential and commercial loans throughout his career.
Debby Brown Wiesner
Co-Owner / CSO
Partner since 2023 with 20 years at Back Bay Funding. Mortgage broker since 2003 with expertise in financial analysis and tax strategy. Recipient of Orange County's Five Star Mortgage Professional Award annually since 2010.
Carly Aman
Loan Officer
Experienced mortgage consultant with 16+ years in the industry. Former real estate agent with local market expertise. Recognized for integrity and client-focused approach in Orange County's competitive housing market.
Erik Estrada
Loan Officer
Mortgage professional with military service background. Connects clients with wealth management resources and community support networks. Active mentor with Big Brothers of Orange County and local church volunteer.
Questions
What mortgage loan types do you offer?
We offer conventional, jumbo, FHA, VA, construction, fixed-rate, adjustable-rate, reverse mortgages, and specialized programs for unique financial situations.
How quickly can you close a mortgage loan?
Our streamlined process typically closes loans in under 30 days through our integrated banking platform and extensive lender network.
Do you offer refinancing options?
Yes, we provide rate-and-term refinancing, cash-out refinancing, and HARP program options for eligible borrowers with underwater mortgages.
Are there down payment assistance programs available?
We connect qualified buyers with down payment assistance programs and offer FHA loans requiring as little as 3.5% down payment.
Can I apply for a mortgage online?
Yes, our website offers an online application process with secure document submission and real-time status tracking capabilities.
What areas do you serve?
We originate loans throughout California and multiple other states with a focus on Southern California markets including Orange County.
