FULTON, Md.--(BUSINESS WIRE)--NewDay Financial, LLC, one of the nation’s leading lenders focused on government mortgage loan originations, today announced that its chief credit officer and SVP of Compliance, Maylene Tan Khieu, has been elected to serve as a director of Chrysalis Holdings, LLC, a premier investment company focused on developing industry leaders in financial services, technology and business analytics. NewDay Financial is a key holding of Chrysalis Holdings.
“During May’s tenure as chief credit officer at NewDay Financial she has been responsible for a risk management team that has an impressive record of loan performance,” Rob Posner, CEO, NewDay Financial, said. “As an FHA direct endorsement and VA approved underwriter with significant experience underwriting FHA, VA and reverse mortgages, May’s contributions have been a cornerstone in our company’s ongoing success and continued growth as one of the nation’s leading originators of government mortgage loans.”
In addition to leading NewDay’s risk management department, Khieu is responsible for personnel management, training and investor relationship management. She was previously vice president of Underwriting for NewDay before she was appointed to chief credit officer and SVP of Compliance. Prior to NewDay, Khieu was the operations manager for Federal Funding Corporation.
“May will be a valuable asset on the Chrysalis board, bringing a wealth of hands-on experience and a detailed perspective on loan performance to our deliberations and decision-making,” said Paul Thompson III, director and chairman of the board, Chrysalis Holdings.
NewDay Financial, a Ginnie Mae-approved seller/servicer and VA-approved lender, is the exclusive provider of mortgage lending for Veterans of Foreign Wars (VFW) members. The company is also a HUD-approved reverse mortgage lender with retail branch offices serving several markets including the Chicago, Philadelphia, Baltimore and Washington D.C. metropolitan areas, as well as Austin, Texas.
About Chrysalis Holdings, LLC
Chrysalis Holdings, LLC, is a premier investment company focused on building and growing successful businesses within the financial services industry. Chrysalis provides early stage capital, infrastructure development and management expertise to growth oriented companies within its target markets. Key holdings include New Day Financial, LLC, LendingSpace Partners, LLC and Chrysalis Analytics, LLC. For more information, visit www.chrysalisholding.com.
About NewDay Financial, LLC
NewDay Financial, LLC, is a nationwide VA, FHA and reverse mortgage lender offering a wide range of mortgage-based products to homeowners with a variety of needs and goals. The company is the exclusive provider of mortgage lending for Veterans of Foreign Wars (VFW) members. The company is also a HUD-approved reverse mortgage lender, and in 2010, was among the top 10 providers of reverse mortgages in the U.S. Retail branch offices serve customers in select markets, including the Chicago, Philadelphia, Baltimore and Washington D.C. metropolitan areas. For more information, visit www.newdayveterans.com