NewDay USA Names Gary Ort to Board of Advisors
Former President of Texas Capital Bank’s Mortgage Finance Division
Brings 45 Years of Industry Experience to Top Ten VA Lender
May 21, 2018 – FULTON, MD – NewDay USA today has named Gary Ort, the former president of Texas Capital Bank’s mortgage finance division, to its Board of Advisors. Ort has over 45 years of financial services experience, including executive, senior management and leadership positions in mortgage banking production, servicing and operations. NewDay’s mission is to become the number one VA lender in the country.
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.
“We believe Gary will help NewDay USA realize its goal of becoming the number one VA mortgage lender in the country,” added NewDay USA’s CEO Rob Posner.
“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 home ownership,” said Ort. “I look forward to working with the board of advisors and the executive team.”
About NewDay USA
NewDay USA is a nationwide VA mortgage lender focused on helping active military personnel, veterans and their families achieve their financial and housing goals. NewDay USA is also a Ginnie Mae (GNMA) approved issuer/servicer. The company employs best practices in mortgage lending and career growth for mortgage professionals. Consistent with its mission, NewDay is a philanthropic partner of numerous organizations focused on assisting military veterans and their families in need. The NewDay USA Foundation provides four-year scholarships to the children of fallen and severely disabled military veterans to attend JROTC military high schools across the nation. The company is also a major philanthropic partner of The Medal of Honor Foundation, the USO, Boulder Crest Retreat for Military and Veteran Wellness, and is a major sponsor of the Military Bowl. Community service and giving back in the form of volunteerism also plays a significant role among the NewDay USA workforce.
NewDay USA is a registered trade name of New Day Financial, LLC, which is a key holding of Chrysalis Holdings, LLC, a premier private investment company focused on the financial services industry. For more information about NewDay USA, visit www.newdayusa.com.
About the NewDay USA Foundation
Helping America’s veterans is at the core of what the Foundation does, and “Giving Back” is a NewDay USA core value. The Foundation’s giving focuses on supporting the veteran and active duty communities. These include the USO, the Congressional Medal of Honor Foundation, the Baltimore Station, and others. Through the Foundation, NewDay’s employees have volunteered thousands of hours of their own time to support Boulder Crest Retreat, Wreaths Across America, The Baltimore Station, the Maryland Center for Veterans Education and Training, the veterans’ memorials on the National Mall, and other activities.