Chao Deng’s leadership has made NewDay USA a leading VA mortgage company. NewDay USA estimates its 2020 revenue will more than double to $315 million this year, up from $152 million in 2019, while serving more than 20,000 veteran families in 2020. Much of the company’s success last year can be attributed to Deng, who directly, as chief financial officer, oversees the NewDay USA’s treasury, budgeting, forecasting, tax planning and financial reporting, as well as manages key relationships with investors and banks. Additionally, Deng worked with NewDay’s management to improve productivity of its account executives and built strong relationships with NewDay’s warehouse partners to increase its credit facilities from $440 million in 2019 to more than $900 million in 2020. Deng also helped expand NewDay USA’s product offerings, which achieved high growth for the business and better asset diversification to prepare for another successful year in 2021. Due to her professional development programs, NewDay is also developing the next generation of financial leaders.
Chief Financial Officer