NewDay Financial Reports Servicing Milestone

NewDay Financial reports that its servicing portfolio has exceeded $500 million in government loans.

The company, which specializes in U.S. Department of Veterans Affairs (VA) home loan and reverse mortgage lending, began servicing government loans almost two years ago and currently has more than 3,000 loans under its purview.

Approximately 85% of the company's portfolio consists of VA loans, and the remainder are Federal Housing Administration-insured loans.

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