Rob Posner, Founder and CEO of Maryland-based NewDay USA, a national VA mortgage lender, announced a forecast for 10% growth in VA loan volume for 2019 over last year. He said NewDay USA’s total origination volume for this year is expected to reach $2.4 billion, compared to $2.2 billion in 2018.
Posner indicated an expected increase to 11,000 residential loan originations at NewDay USA this year, with the Operation Home purchase division assisting 2,000 veteran families buy homes by the end of the year. He attributed the projected growth to the company’s national Operation Home purchase campaign, a commitment to lend to underserved veterans and first-time homebuyers and a dedicated team of professionals trained specifically to help military borrowers.
“NewDay’s fintech business model relies on analytics powered by an information-based decisioning capability that allows us to say ‘yes’ to veterans when other lenders say 'no,'” Posner said. “We understand how to effectively evaluate the credit history and background of active-duty service men and women and veteran families. We also understand the homeownership needs of our military since serving veteran families is all we do.”
NewDay USA is currently the eighth-largest VA mortgage lender in the country. Posner said NewDay USA is well on its way toward its goal of becoming the number-one VA mortgage company in America, serving veterans and their families.
“With our high-tech, high-touch manual underwriting process, we strive to ensure that our veterans have every possible opportunity to use their VA benefits for their share of the American Dream,” Posner said.
NewDay USA is a nationwide VA mortgage lender focused on helping active military personnel, veterans, and their families achieve their financial and housing goals. NewDay USA is also a Ginnie Mae-approved issuer/servicer. The company employs best practices in mortgage lending and career growth for mortgage professionals. Consistent with its mission, NewDay is a philanthropic partner of numerous organizations focused on assisting military veterans and their families in need.
The NewDay USA Foundation provides four-year scholarships to the children of fallen and severely disabled military veterans to attend JROTC military high schools across the nation. The company is also a philanthropic partner of the Medal of Honor Foundation, the USO, and Boulder Crest Retreat for Military and Veteran Wellness, and is a sponsor of the Military Bowl.