FULTON, Md.--(BUSINESS WIRE)--Chrysalis Holdings, LLC, a premier private investment company focused on building and growing successful businesses that provide home financing, data analytics and technology solutions in the mortgage banking and financial services industries, today announced the expansion of its board, as well as the board of its key holding, NewDay USA, LLC, a nationwide VA, FHA and reverse mortgage lender. The company welcomes three accomplished business leaders and adds U.S. military experience to lead the Chrysalis and NewDay USA teams:
- Gen. James Jones, (USMC Ret.), who served as National Security Advisor to President Obama after retiring in 2007 from his dual-hatted post as the Supreme Allied Commander, Europe and Commander, United States European Command. From July 1999 to January 2003, Gen. Jones served as the 32nd Commandant of the Marine Corps.
- Lt. Gen. Benjamin C. Freakley, (USA Ret.), who served as the Commanding General of U.S. Army Accessions Command, responsible for leading worldwide recruiting efforts as well as overseeing the nation’s ROTC programs. He commanded the 10th Mountain Division (Light) and Fort Drum/Commanding General, Combined Joint Task Force-76, Operation Enduring Freedom in Afghanistan from 2006 until 2007.
- Jerry L. Johnson, who is a member of the President’s Advisory Group on Prevention, Health Promotion and Integrative and Public Health and is a principal partner at Heffler, Radetich & Saitta LLP, a leading CPA and consulting firm in Philadelphia, where he leads the consulting and corporate development practice.
“Both the NewDay USA and the Chrysalis Holdings leadership teams will benefit immensely from the insights and expertise of our new board members as we look for additional opportunities to build companies that either provide home financing to homeowners and home buyers or deliver data analytics and technology solutions to the mortgage finance industry,” said Joe Murin, president of NewDay USA and chairman of Chrysalis Holdings.
A key member of the Chrysalis Holdings family of companies, NewDay USA is a leading VA, FHA, and reverse mortgage lender dedicated to helping active military personnel, veterans and their families, and the nation’s seniors achieve their financial and housing goals. The Chrysalis Holdings board expansion comes at a time of significant growth for NewDay USA’s core business.
In recent years, NewDay USA has been at the forefront of providing financing solutions to homeowners, seniors and members of the armed services. Strong analytics drive best practices in mortgage loan originations and the company’s track record of success. The company also continues to expand its focus on HUD’s reverse mortgage programs and its role as a leader in FHA lending.
“We are extremely pleased and enormously proud that Jim Jones, Ben Freakley and Jerry Johnson are now a part of our leadership team,” said Rear Admiral Tom Lynch (USN Ret.), chairman of the board at NewDay USA. “These three remarkable, accomplished individuals share in our passionate belief in restoring the health of housing markets by doing what is right – especially by doing what is right for past and current members of the armed services.”
In addition to a 40-year military career, Gen. Jones has served on the board of The Boeing Company, Cross Match Technologies and Chevron, as well as prominent think tanks including the Center for Strategic and International Studies and the Atlantic Council. He is currently president of Jones Group International, a company he founded in 2011. JGI provides services and solutions relating to energy, U.S. market access, trade promotion and national security and operates in a strategic partnership with Akin Gump Strauss Hauer & Feld. He serves on the board of General Dynamics, is a senior advisor for Deloitte Consulting and is a Fellow of the U.S. Chamber of Commerce.
Among the many assignments during his career, Lt. Gen. Freakley commanded the Army’s largest training institute, the Infantry Center and School at Fort Benning, Ga., and served as Commander of the Operations Group at the National Training Center in Fort Irwin, Calif. Following 36 years of active military service, Lt. Gen. Freakley is professor of Practice of Leadership at Arizona State University and special advisor for Leadership Initiatives to ASU President, Michael Crow. In 2010, he was named the Education Policy Leader of the Year for the National Association for State Board Educators.
Johnson has more than 30 years of experience with financial services firms and technology companies, starting his career with Northwestern Bell Telephone Company, an AT&T company. He is a recognized expert in corporate governance, business development, financial management, mergers and acquisitions and strategic development. He is also founder, co-chairman and board member of ESmith Legacy, Inc, a commercial real estate company and serves on the board for Bryn Mawr Trust Company and Savanna Inc. Johnson received the Distinguished Community Leadership Award from Operation Understanding in October 2010.
About Chrysalis Holdings, LLC
Chrysalis Holdings, LLC, is a premier investment company focused on building and growing successful businesses and intellectual capital within the financial services industry, and developing companies focused on leveraging technology and data analytics to propel sales and marketing efforts to the next level. Chrysalis provides early stage capital, infrastructure development and management expertise to growth oriented companies within its target markets. Key holdings include NewDay USA, LLC, and Chrysalis Analytics, LLC.
About NewDay USA, LLC
An industry leader committed to playing its part in supporting a vibrant, healthy housing market, NewDay USA, LLC is a nationwide VA, FHA and reverse mortgage lender. The company focuses on helping active military personnel, veterans and their families, and the nation’s seniors achieve their financial and housing goals. In addition, NewDay USA operates a builder-correspondent lending division, creating relationships with builder-owned mortgage companies to meet the home purchase loan needs of their clients. The company’s workforce is highly trained, and the work environment is designed to support both best practices in mortgage lending and career growth for mortgage professionals.
NewDay USA is the exclusive provider of mortgage lending for Veterans of Foreign Wars (VFW) members, and is among the top providers of reverse mortgages in the U.S. In keeping with its commitment to helping past and current members of the U.S. armed services, the company is a major philanthropic partner of Purple Heart Homes and the National Coalition for Homeless Veterans. Community service and giving back in the form of volunteerism also plays a big role among the NewDay USA workforce.
For more information about NewDay USA, visit www.newdayusa.com.