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NewDay Exec Added to Chrysalis Board of Directors

""Chrysalis Holdings, LLC"":www.chrysalisholding.com/, has added a new member to its board of directors, with the announcement that Maylene Tan Khieu will join the company's leadership. Khieu is the chief credit officer and senior vice president of compliance for ""NewDay Financial, LLC"":www.newdayyes.com/, which is a key holding for Chrysalis.

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Khieu is well prepared for his role on Chrysalis' board of directors, thanks to her experience heading up NewDay's risk management department. Additionally, Khieu is responsible for personnel management, training, and investor relationship management for the company, making her a strong asset for the new position with Chrysalis.

Rob Posner, NewDay's CEO, said of Khieu's addition to the board, ""During May's tenure as chief credit officer at NewDay Financial she has been responsible for a risk management team

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that has an impressive record of loan performance. As an FHA direct endorsement and VA approved underwriter with significant experience underwriting FHA, VA and reverse mortgages, May's contributions have been a cornerstone in our company's ongoing success and continued growth as one of the nation's leading originators of government mortgage loans.""

Prior to taking on her executive duties with NewDay, Khieu was the company's vice president of underwriting. Additionally,she has also served as the operations manager for Federal Funding corporation.

Chrysalis' director and chairman of the board, Paul Thomson III, noted of Khieu's appointment, ""May will be a valuable asset on the Chrysalis board, bringing a wealth of hands-on experience and a detailed perspective on loan performance to our deliberations and decision-making.""

NewDay is the exclusive provider of mortgage lending for Veterans of Foreign Wars members, and the entity is an approved ""Ginnie Mae"":www.ginniemae.gov/ seller and servicer. As a ""Department of Housing and Urban Development"":www.hud.gov/-approved reverse mortgage lender, NewDay boasts branch offices in Chicago, Illinois; Philadelphia, Pennsylvania; Baltimore, Maryland; Washington, D.C.; and Austin, Texas.

Chrysalis operates primarily as an investment entity in the financial services industry, focusing on early stage capital, infrastructure development, and management expertise. The company's holdings include NewDay, ""LendingSpace Partners, LLC"":www.lendingspace.com/, and ""Chrysalis Analytics, LLC"":www.canalytics.com/.

About Author: Abby Gregory

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