NewDay USA names Garrison Foster Senior Vice President
Senior mortgage banking expert and Founder of Veterans Association for Homeownership
FULTON, MD (March 5, 2018) — One of our nation’s top ten VA lenders, NewDay USA, has hired Garrison Foster as SVP to lead NewDay USA’s Purchase home loan division, which offers active-duty service members, veterans, and their families the ability to buy a home with their VA benefits.
Foster brings nearly 20 years of experience in financial services to NewDay after helping to build and lead the purchase business at Veterans United and Bridgeview Bank. He has successfully facilitated efforts that allowed more than 250,000 veterans to obtain loans for new home purchases.
As a United States Marine Corps Veteran, Foster is a strong advocate for military families and he strengthens NewDay’s mission to help servicemembers and retirees access their VA benefits. His education and activism within the veteran community has raised awareness of VA benefits – with an emphasis on home ownership, financial literacy and protection from disreputable lenders.
Foster’s work includes founding the Veterans Association for Homeownership, VAhome.org, a non-profit organization to help people better understand and receive their VA benefits.
He has spoken before Congress on numerous occasions in support of the need for simplified access to VA benefits. In 2016, Foster helped champion the effort to add veterans to the Home Mortgage Disclosure Act (HMDA) reporting, creating more transparency in VA lending transactions.
“Garrison brings senior level talent and drive to our mission of helping veterans receive the financial services they need and the VA home loan benefits they deserve,” said Rear Admiral Thomas Lynch, Executive Chairman of NewDay USA. “We are delighted to have Garrison on board,” Lynch added.
“Garrison will be a real partner in building NewDay into the #1 VA mortgage banking company in the nation to assist veterans in taking advantage of their valuable VA benefits to purchase a home. It is an honor to have a Marine combat veteran leading this effort,” said Rob Posner, CEO NewDay USA.
“It’s a real privilege to join an organization that shares my passion to help veterans achieve their financial goals through home ownership,” said Foster. “This is an exciting opportunity for me to help NewDay grow in its ability to serve veterans and their families.”
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.
