FULTON, Md.--(BUSINESS WIRE)--NewDay USA, LLC, one of the nation’s leading VA, reverse and government mortgage lenders and a member of the Chrysalis Holdings family of companies, today announced that it will move its Maryland headquarters to 8160 Maple Lawn Blvd. Fulton, MD 20759. The new 60,000 square foot facility will support the launch of NewDay USA University, an educational and training center created for new and established mortgage banking professionals. The company expects to complete the move in early 2013.
NewDay USA has seen rapid growth as the company continues its leadership in helping past and current members of the armed services, seniors and other homeowners throughout the nation to achieve their financial and housing goals. The company estimates that its workforce will reach 1,000 employees by the end of 2013.
Rob Posner, CEO of NewDay USA, explained, “Through NewDay USA University, a state-of-the-art educational program, our goal is to train the next generation of mortgage bankers, which we believe will be our company’s lasting legacy. To reach this goal, we needed a facility that enabled us to create a training center that would provide a strong learning environment for new recruits as well as current employees.”
The NewDay USA University training center will provide programs for:
- New hires, who undergo an eight-week training program that teaches best practices in the mortgage industry;
- Current employees, who receive continuing education that includes professional development as well as instruction on regulatory and agency changes that impact the mortgage industry; and
- Continuing to build NewDay USA’s VA and reverse mortgage programs to further help veterans and seniors attain their financial goals.
Rear Admiral Tom Lynch (USN ret.), chairman of NewDay USA, said, “Mortgage banking offers a great career path, especially for young people and recent college graduates. Educating new hires and providing continuing education to current employees has been a cornerstone of success at NewDay USA and it is a foundation in the company’s strategic plans for growth. This commitment to education and ongoing training is especially important as the mortgage industry continues to experience unprecedented change. NewDay’s programs ensure employees are always up-to-date and prepared for regulatory changes that impact all aspects of mortgage originations and loan servicing.“
About NewDay USA, LLC
An industry leader committed to playing its part in supporting a vibrant, healthy housing market, NewDay USA, LLC is a nationwide VA, FHA and reverse mortgage lender. The company focuses on helping active military personnel, veterans and their families, and the nation’s seniors achieve their financial and housing goals. In addition, NewDay USA operates a builder-correspondent lending division, creating relationships with builder-owned mortgage companies to meet the home purchase loan needs of their clients. The company’s workforce is highly trained, and the work environment is designed to support both best practices in mortgage lending and career growth for mortgage professionals.
NewDay USA is the exclusive provider of mortgage lending for Veterans of Foreign Wars (VFW) members, and is among the top providers of reverse mortgages in the U.S. In keeping with its commitment to helping past and current members of the U.S. armed services, the company is a major philanthropic partner of Purple Heart Homes and the National Coalition for Homeless Veterans. Community service and giving back in the form of volunteerism also plays a big role among the NewDay USA workforce.
NewDay USA is a key holding of Chrysalis Holdings, LLC, a premiere private investment company focused on the financial services industry. For more information about NewDay USA, visit www.newdayusa.com.
About Chrysalis Holdings, LLC
Chrysalis Holdings, LLC, is a premiere investment company focused on building and growing successful businesses and intellectual capital within the financial services industry, and developing companies focused on leveraging technology and data analytics to propel sales and marketing efforts to the next level. Chrysalis provides early stage capital, infrastructure development and management expertise to growth oriented companies within its target markets. Key holdings include NewDay USA, LLC, and Chrysalis Analytics, LLC.