Rob Posner, founder and CEO of NewDay USA, a national VA mortgage lender, announced a forecast for 10 percent growth in VA loan volume for 2019 over last year. He said NewDay USA’stotal 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 under-served 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 8th largest VA mortgage lender in the country. Posner said NewDay USA is well on its way toward its goal of becoming the #1 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 added.
SOURCE NewDay USA