NewDay USA names Tim Thompson Chief Financial Officer
Wall Street veteran joins national VA mortgage lender
FULTON, MD (December 15, 2015) — NewDay USA, one of our nation’s leading VA lenders, has named Paul “Tim” Thompson III as its new chief financial officer.
Thompson, a Wall Street veteran, is the former chairman and chief executive officer of The Darby Creek Company, an investment banking consulting firm. Prior to that, he served as managing director and chief executive officer of the Kelso Mezzanine Fund. He also served as managing director at Credit Suisse First Boston and at Donaldson, Lufkin & Jenrette Securities Corp., where he was chief credit officer of the investment banking group and chairman of the credit commitment committee.
Prior to joining DLJ, Thompson was with First Boston Corp., where he worked in the project finance group and later started the acquisition finance group. Thompson was also a senior managing director at FBR & Co. Thompson received a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania.
“We are pleased to have Tim join our senior management team as we build the leading mortgage company in the veteran marketplace,” said Robert Posner, chief executive officer of NewDay USA. “He has a tremendous background in capital markets and credit risk and brings a deep understanding of NewDay after serving as a member of our Board of advisors for 10 years.”
“I am thrilled to have the opportunity to help more of America’s veterans and their families,” Thompson said. “I take seriously our mission to help veterans achieve the financial security and peace of mind they deserve.”
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.
