Rob Posner, founder and chief executive officer of NewDay USA
, has announced that the company is on track to serve a record number of veterans and servicemembers during the COVID-19 pandemic and 2020. He added the company plans to lend veteran families more than $2 billion during the second quarter alone, helping them save money by refinancing to a lower rate or purchase a home.
For 2020, NewDay expects to loan $7 billion-plus to servicemembers and veteran families.
"I'm proud and honored that NewDay has become the trusted partner that veterans and servicemembers turn to during this national health crisis," Posner said. "It's NewDay's mission to help every veteran realize the American dream of homeownership or refinance and save money by accessing their hard-earned VA benefits."
NewDay Executive Chairman Rear Admiral Tom Lynch (USN, Ret.) said: "My purpose in becoming executive chairman of NewDay USA was to make sure my fellow veterans and their families use their VA benefits to attain their dreams of homeownership and financial security. It brings me great joy to serve so many veterans, especially during these challenging times."