NewDay Financial Appoints Doug Douglas as CFO

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Talented C-Suite Mortgage Executive Joins Executive Team of Rapidly Growing Mortgage Lender

I am delighted to join NewDay and look forward to working with the executive team of this vibrant company

NewDay Financial, LLC, one of the nation's fastest-growing mortgage companies, today announced that Doug Douglas has been named chief financial officer of the company. In this role, Douglas's responsibilities include strategic planning, treasury and cash management, accounting and financial analysis.

"In a rapidly changing lending environment, in which mortgage lenders must stay nimble and remain focused on cost-effective business processes, as well as transparency, consumer protection measures and compliance, we are thrilled to welcome Doug to the executive management team," said Rob Posner, CEO, NewDay Financial. "Doug Douglas brings more than three decades of experience as a mortgage industry executive to our organization. He is a valuable addition to our organization, and will play a large role in our success as we work toward ambitious goals for continued growth, with special emphasis on VA lending, as well as the reverse mortgage market."

"I am delighted to join NewDay and look forward to working with the executive team of this vibrant company," said Douglas. "Ours is an exceptional work environment, focused on innovation and integrity as we strive to meet key objectives for efficiency, productivity and growth."

Douglas has worked in the mortgage banking business for more than 35 years. Most recently, he served as executive vice president of business processes for American Home Mortgage through a period of very rapid growth, which led to the firm being one of the ten largest mortgage companies in the country. Previously he served as chief financial officer for Columbia National and its predecessor PaineWebber Mortgage Finance, a regional mortgage banker producing $3 billion per year and servicing 60,000 loans. He was also president of Columbia Real Estate Investments, a publicly traded mortgage REIT. He began his career with James W. Rouse & Co., the mortgage banking subsidiary of The Rouse Company.

NewDay Financial is a VA-approved lender. Information about its VA home equity and refinance loan programs is available at http://www.newdayveterans.com or over the phone at 800-995-0341. NewDay Financial is also a HUD-approved reverse mortgage lender. Seniors can call 1-800-410-4201 for information or visit http://www.newdayreverse.com, where seniors and their family members can learn more about reverse mortgages, apply online or schedule a call with a reverse mortgage specialist. In addition, NewDay Financial retail branch offices serve customers in select markets, including the Chicago, Philadelphia, Baltimore and Washington, D.C. metropolitan areas, as well as Austin, Texas.

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. In 2010, NewDay Financial was among the top 10 providers of reverse mortgages in the U.S. The company is the exclusive provider of mortgage lending for Veterans of Foreign Wars (VFW) members.

CONTACT:
Name : Debra Kaufmann
Email : dkaufmann (at) collingwoodllc (dot) com
Phone : 202.626.9724    

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Debbie Kaufmann
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