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Financial Technology Expert Joins Leading VA Mortgage Lender

October 29, 2015 — Fulton, MD —  NewDay USA, a top 10 nonbank originator of Department of Veterans Affairs (“VA”) guaranteed mortgage loans, has named Michael Turner as its chief technology officer.

Turner brings to NewDay USA many years of experience in the technology and financial sectors, including a broad array of senior executive and management positions in roles that have included sales, operations, finance and professional services.  Before joining NewDay USA, Turner served as chief operating officer at Surecomp Services, Savana and Sanchez Computer Associates. At Sanchez, Turner played a key role in growing the banking software firm into a global provider of banking solutions. Earlier, Turner was a senior manager in Arthur Andersen’s consulting unit, vice president at SEI Corp., and senior vice president of operations at GDK Systems.

Turner graduated magna cum laude from Temple University as a Presidential Scholar and earned an MBA in corporate finance and decision sciences from the University of Pennsylvania’s Wharton School.

“Michael’s vision, leadership, and execution experience have resulted in numerous success stories over his distinguished career,” said Robert Posner, chief executive officer of NewDay USA. “He has the leadership skills and business knowledge to help NewDay USA as we continue to help more of America’s veterans and their families.”

“I’m excited to join a company that brings new, exciting and relevant products to the industry. I am thrilled to have the opportunity to work with such a talented group of people dedicated to serving the needs of our veterans,” Turner said.


About NewDay USA
NewDay USA – “America’s Mortgage Company” – provides full service mortgage finance solutions through Department of Veterans Affairs (“VA”) guaranteed mortgage loans. NewDay USA is a Ginnie Mae-approved seller/servicer. The company is currently a top 10 non-depository VA mortgage lender based on 2014 production volume, according to Inside Mortgage Finance. NewDay USA is a wholly-owned subsidiary of Chrysalis Holdings, LLC (“Chrysalis”). More information about the company can be found at