has named Gary Ort, former President of Texas Capital Bank's Mortgage Finance Division, to its Board of Advisors. Ort has more than 45 years of financial services experience, including executive, senior management and leadership positions in mortgage banking production, servicing and operations.
Ort retired from Texas Capital Bank in June 2017. During his 10 years with the company, he helped the bank grow its mortgage warehouse unit into one of the largest providers of warehouse credit in the country. Ort also oversaw the launch of the bank's new correspondent lending unit and expanded its credit offering to include lines of credit secured by mortgage servicing rights.
"We are pleased to add a person with Gary Ort's vast industry experience and leadership abilities to our board of advisors," said Rear Admiral Thomas Lynch, Executive Chairman of NewDay USA.
Ort said, "It's a privilege to serve on the board of NewDay USA, a company with the mission of helping active duty military personnel, veterans and their families achieve their financial goals through homeownership. I look forward to working with the board of advisors and the executive team."