Rob Posner, founder and CEO of VA mortgage lender NewDay USA, says it expects to see the company’s Veterans Affairs loan volume to increase 10% in 2019, reaching $2.4 billion compared to $2.2 billion in 2018.
That’s about 11,000 more VA residential mortgage loans than last year.
NewDay USA says it expects its Operation Home purchase division to assist 2,000 veteran families by the end of the year.
Posner attributes the projected growth in the Operation Home purchase division to the company’s national Operation Home purchase campaign, a commitment to lend to underserved veterans and first-time homebuyers and a dedicated team of professionals trained specifically to help military borrowers.
“NewDay’s fintech business model relies on analytics powered by an information-based decisioning capability that allows us to say ‘yes’ to veterans when other lenders say ‘no,’” Posner says in a press release. “We understand how to effectively evaluate the credit history and background of active-duty service men and women and veteran families. We also understand the homeownership needs of our military since serving veteran families is all we do.
“With our high-tech, high-touch manual underwriting process, we strive to ensure that our veterans have every possible opportunity to use their VA benefits for their share of the American Dream,” Posner adds.