has announced the addition of Garrison Foster as Senior Vice President to lead NewDay USA's Purchase Home Loan Division, which offers active-duty servicemembers, veterans and their families the ability to buy a home with their VA benefits.
Foster brings nearly 20 years of experience in financial services to NewDay, after helping to build and lead the purchase business at Veterans United and Bridgeview Bank. He has successfully facilitated efforts that allowed more than 250,000 veterans to obtain loans for new home purchases.
As a U.S. Marine Corps veteran, Foster is a strong advocate for military families and he strengthens NewDay's mission to help servicemembers and retirees access their VA benefits. His education and activism within the veteran community has raised awareness of VA benefits—with an emphasis on homeownership, financial literacy and protection from disreputable lenders.
"Garrison brings senior level talent and drive to our mission of helping veterans receive the financial services they need and the VA home loan benefits they deserve," said Rear Admiral Thomas Lynch, Executive Chairman of NewDay USA. "We are delighted to have Garrison on board.”
Foster's work includes founding the Veterans Association for Homeownership, VAhome.org, a non-profit organization to help people better understand and receive their VA benefits. He has spoken before Congress on numerous occasions in support of the need for simplified access to VA benefits. In 2016, Foster helped champion the effort to add veterans to the Home Mortgage Disclosure Act (HMDA) reporting, creating more transparency in VA lending transactions.
"Garrison will be a real partner in building NewDay into the number one VA mortgage banking company in the nation to assist veterans in taking advantage of their valuable VA benefits to purchase a home,” said Rob Posner, Chief Executive Officer of NewDay USA. “It is an honor to have a Marine combat veteran leading this effort.”