NewDay Names New Head of Reverse Mortgage Division

NewDay Financial has announced that Julie McMillin Lee has been promoted to president of NewDay Reverse. In her new position, Lee will manage the direction of the firm's reverse mortgage division, as well as the selection and training of originators. Lee began her career at NewDay in 2002 as an account executive, and after several promotions, was selected to lead the company’s Maryland retail division in 2007. In 2009, Lee helped NewDay establish its reverse mortgage division and has since led the company to become one of the nation’s top 10 reverse mortgage lenders in 2011. “Julie exemplifies what it means to bring respect, dignity and professionalism to the job on a daily basis,” said Paul Alger, president of NewDay Financial. “The compassion she demonstrates for those with which she works and her customers is truly contagious. Our management team believes that investing in our employees enables us to attract, train and retain some of the most talented mortgage professionals in the industry. Julie is a prime example of the loyalty our company and its employees share for one another.” In addition to its reverse mortgage offerings, NewDay Financial is a U.S. Department of Veterans Affairs (VA) lender and government loan servicer dedicated to helping individuals receive the loans that will enhance their lives. “I am proud to work at NewDay,” Lee said. “The staff is committed to helping our nation’s seniors achieve their financial objectives. The NewDay Reverse Mortgage program has already provided billions of dollars to homeowners, and we look forward to expanding our reach to help even more people understand the reverse mortgage process and make the best financial decisions for themselves and their families.”