Brian Montgomery Joins NewDay USA as Vice Chairman to Enhance Veteran Housing Services

NewDay USA Welcomes Brian Montgomery as Vice Chairman

In a significant move for the mortgage lending industry, NewDay USA has appointed Brian D. Montgomery as the new Vice Chairman of its advisory board effective immediately. With a profound background in housing policy and mortgage finance, Montgomery's new role at NewDay USA aims to further the company's mission of serving the Veteran community. As a leading national mortgage lender, NewDay has been dedicated to providing tailored financial solutions to veterans, and Montgomery's experience will undoubtedly enhance this vital initiative.

A Wealth of Experience in Housing and Government

Montgomery's qualifications are impressive, having served as the Federal Housing Administration (FHA) Commissioner not once, but twice, under three different presidential administrations: George W. Bush, Barack Obama, and Donald Trump. His second term as FHA Commissioner involved overseeing crucial aspects of the FHA and Ginnie Mae, managing a substantial department budget of $60 billion alongside more than $55 billion earmarked for disaster recovery funding. His depth of experience is unmatched, making him a pivotal figure in shaping housing finance policies in the United States.

Additionally, Montgomery served as Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD) during the first Trump administration. His pivotal role in the Executive Office of the President under both George H.W. Bush and George W. Bush as a Deputy Assistant to the President demonstrates his influence and commitment to public service. Such an extensive background positions Montgomery as an asset to NewDay USA as it continues to improve the lives of veterans through home financing solutions.

Dedicated to Veteran Service

Rob Posner, CEO of NewDay USA, expressed his enthusiasm regarding Montgomery's appointment, stating, "Brian's record of leadership at the highest levels of federal housing finance speaks for itself. It is an honor to have him join us at NewDay and be part of our mission to help Veterans and Service Members achieve the American Dream of homeownership." This statement reflects the core philosophy of NewDay USA; to elevate the standards and effectiveness of mortgage service for those who have served the country.

Montgomery himself voiced a commitment to responsible lending and advancing access to homeownership, emphasizing that NewDay is built on integrity and a profound understanding of military life. He commented, "Their disciplined approach to credit risk and remarkably low delinquency rates underscores their commitment to serving Veterans, Service Members, and their families." This dedication is particularly pertinent given the challenges many veterans face when achieving homeownership.

Building a Stronger Future for Veterans

Montgomery's role will likely involve not only enhancing the lending practices but also helping to shape strategic initiatives aimed at expanding NewDay USA's outreach within the Veteran community. Admiral Thomas Lynch, Executive Chairman at NewDay USA, highlighted this aspect of Montgomery's appointment, stating, "Brian's unwavering commitment to service embodies the values that define NewDay. His experience will be instrumental as we continue working with our nation's Veterans to build the lives they have earned and deserve."

Through such leadership transitions, NewDay USA reinforces its commitment to not just financial services but to a broader mission of fostering well-being and prosperity in the lives of veterans.

As NewDay USA continues to set new benchmarks in the mortgage industry, the arrival of Brian Montgomery marks an exciting chapter in their ongoing story of advocating for those who have devoted their lives to serving the nation. The company is positioned not only as a mortgage lender but also as a trusted ally in the veteran community's journey towards homeownership. With Montgomery's stewardship, NewDay USA is set to scale new heights in service and advocacy for veterans across the nation.