NewDay Financial appointed Doug Douglas chief financial officer, as the firm works to expand its Veteran Affairs and reverse mortgage lending services. In his new position, Douglas is responsible for strategic planning, treasury and cash management, accounting and financial analysis. Douglas joins NewDay with more than three decades of experience in the mortgage industry, serving most recently as executive vice president of business processes for American Home Mortgage. He also spent time as chief financial officer of Columbia National and PaineWebber Mortgage Finance, as well as president of Columbia Real Estate Investments. “He is a valuable addition to our organization,” NewDay CEO Rob Posner said of Douglas, “and will play a large role in our success as we work toward ambitious goals for continued growth, with special emphasis on VA lending, as well as the reverse mortgage market.” NewDay Financial is a nationwide VA, Federal Housing Administration and reverse mortgage lender offering a wide range of mortgage-based products to homeowners. In 2010, NewDay Financial was among the top 10 providers of reverse mortgages in the country. Write to Christine Ricciardi. Follow heron Twitter @HWnewbieCR.
NewDay appoints CFO to expand reverse mortgage lending
Most Popular Articles
Latest Articles
CHLA president addresses various consumer protection measures
A late-breaking CFPB announcement quickly expanded the scope of a session with CHLA’s Taylor Stork at The Gathering.
-
Best real estate apps for agents in 2024
-
Former Keller Williams agents continue their legal actions
-
NAF’s Gatling: Recognize that diverse communities are the norm
-
Buyers are struggling to compete in the white-hot Cincinnati market
-
HUD details funding, policy support for green homes and climate resilience