Read Microsoft Word - Doug Douglas Press Release on Letterhead.docx text version

8171 M Maple Lawn Blvd · Fulton, MD 20759 2

CONTA ACT: Name : Debra Ka aufmann Email : [email protected] woodllc.com m Phone : 202.626.9 9724

NewD Financial Appo Day oints Dou Douglas as CF ug FO

--Talented C-Suite M d Mortgage E Executive J Joins Execu utive Team of Rapidl Growing Mortgage Lender -- m ly g e

FULTO Md., Ma ON, arch 8, 2011 (PR Web) ­ NewDay F Financial, LLC, one of the nation's e fastest-growing mo ortgage companies, toda announce that Doug Douglas ha been ay ed g as named chief financ officer of the compan In this ro Douglas responsib cial f ny. ole, s's bilities e asury and ca managem ash ment, accou unting and fin nancial include strategic planning, trea analysi is.

"In a ra apidly changing lending e environment in which m t, mortgage len nders must s stay nimble and rem main focused on cost-ef ffective busin ness processes, as well as transpar rency, consum protectio measures and compliance, we ar thrilled to welcome Do to the mer on s re oug executi managem ive ment team," said Rob Posner, CEO, NewDay Financial. "D Doug Douglas brings more than th hree decade of experie es ence as a mo ortgage indu ustry executi to our ive organiz zation. He is a valuable addition to o organiza s our ation, and will play a larg role in our ge succes as we wor toward am ss rk mbitious goa for continued growth, with special emphasis als on VA lending, as well as the r w reverse mort tgage marke et."

"I am d delighted to join NewDay and look fo y orward to wo orking with th executive team of this he e s vibrant company," said Dougla "Ours is an exception work env as. nal vironment, fo ocused on tion and inte egrity as we strive to meet key objec ctives for efficiency, prod ductivity and innovat 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 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 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. ###

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Microsoft Word - Doug Douglas Press Release on Letterhead.docx