NewDay USA said the company is on track to serve a record number of veterans and servicemembers during 2020, the company announced in a release.
According to company founder and CEO Rob Posner, NewDay USA plans to lend veteran families more than $2 billion during the second quarter alone, helping them save money by refinancing to a lower rate or purchase a home.
For 2020, NewDay expects to loan more than $7 billion to servicemembers and veteran families, Posner announced, adding NewDay USA’s goal is to become the nation’s top mortgage lenders for servicemembers and veterans.
“I’m proud and honored that NewDay has become the trusted partner that veterans and servicemembers turn to during this national health crisis,” Posner said in the release. “It’s NewDay’s mission to help every veteran realize the American dream of homeownership or refinance and save money by accessing their hard-earned VA benefits.”
NewDay USA serves active duty servicemembers and veteran families by providing VA purchase, refinance, and home-equity loans.
Last year the company launched “Operation Home,” a national campaign to help veteran borrowers purchase a home with no downpayment and no money out of their pocket, the release said.
“My purpose in becoming executive chairman of NewDay USA was to make sure my fellow veterans and their families use their VA benefits to attain their dreams of homeownership and financial security,” Rear Admiral Tom Lynch (USN, Ret.) said.