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NewDay USA promotes Michael Oursler to COO

Oursler has been with the company for eight years

VA mortgage company NewDay USA appointed a new chief operating officer.

Michael Oursler has been with NewDay USA for the last eight years as chief credit officer, senior vice president of operations and NewDay University, and vice president of capital markets.

“[Michael] is one of the most capable individuals I’ve ever had the privilege to work with,” said NewDay USA Founder and CEO Rob Posner. “His leadership in training the next generation of mortgage bankers and leaders will have an enduring impact on our industry. As president of the purchase Division, he was instrumental in laying the foundation for NewDay’s Operation Home to change the lives of veteran families.”

Oursler is an executive MBA candidate at Wharton School of Business at the University of Pennsylvania and is expected to graduate in Spring 2020. Oursler earned a B.S. in Finance from York College of Pennsylvania.

“It is an honor to be a part of the NewDay’s mission of serving veterans and developing the next generation of mortgage bankers,” Oursler said. “I take seriously our purpose to help veterans achieve homeownership for their families.”

In October, the company announced it is planning to hire more than 100 new employees to deal with the rising demand. The hiring plan was in response to seeing its VA mortgage originations jump by more than 30% in the second quarter of 2019 due to three-year lows in interest rates.

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