Babak Khorashadi

CEO President

NMLS ID 309527

About me

Founder and CEO of Newport Capital Funding, with over 20 years of experience in Mortgage Lending. Babak Khorashadi, an alumnus of CSUF with a degree in Finance with emphasis in Real Estate. This experience and education has equipped him to build a company that is a leader in the mortgage industry with a platform that can deliver highest quality of services to borrowers.

  • Program Analyst
  • Product Development
  • Product Training
  • Compliance
  • Licensed: CA,FL,WA, CO,VA


Richard Izaguirre

VP-of Operation

NMLS ID 552383

About me

With over 35 years of mortgage experience, Richard brings a wealth of knowledge in all aspects of the industry. He brings extensive experience in all lending from FHA/VA, Conventional, Jumbo and Non QM markets. An expert in income analysis and mortgage operations, coupled with his years of origination, processing and underwriting, puts him above the competition in his ability to service his clients. 

  • DE Underwriter
  • 25 yr Underwriter
  • Income Analysis
  • Product Development
  • Compliance

Processing Team

Monica Elizondo

Sr. Processer

Lynda Boudieb

Sr. Processer

loan officers

Sahar Abtahi


NMLS ID 2291271

Joanne Purvis


NMLS 2018043

Michael Khorashadi


NMLS ID  1672839

Arthur Scott Cohen


NMLS ID 973732

Julie Ann Garcia Perry


NMLS ID 291018

Marian Lozano


NMLS ID 694871

Nicholas King


NMLS ID 2110910

RL Morgan

Broker Associate MLO

NMLS 967934 

Victor Dabestani

Broker Associate MLO

NMLS: 334732

Afshin Jafari

Sr. Loan Officer

NMLS: 1922689