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NewDay USA Announces Relocation into Expanded Offices

""NewDay USA, LLC"":http://www.newdayusa.com/, announced it is packing up and moving its Maryland office into a new 60,000 square foot facility to better support the launch of NewDay USA University, an educational and training center created for new and established mortgage banking professionals.

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""Through NewDay USA University, a state-of-the-art educational program, our goal is to train the next generation of mortgage bankers, which we believe will be our company's lasting legacy,"" said NewDay USA CEO Rob Posner. ""To reach this goal, we needed a facility that enabled us to create a training center that would provide a strong learning environment for new recruits as well as current employees.""

The training center will provide programs for new hires (who will undergo an eight-week program designed to teach best practices in the mortgage industry) and current employees (who will receive continuing education that includes professional development as well as instruction on regulatory and agency changes). In addition, the facility will continue to build NewDay USA's programs for reverse mortgages and loans insured by the Department of Veterans Affairs (VA).

""Mortgage banking offers a great career path, especially for young people and recent college graduates,"" said retired Rear Adm. Tom Lynch, chairman of NewDay USA. ""Educating new hires and providing continuing education to current employees has been a cornerstone of success at NewDay USA and it is a foundation in the company's strategic plans for growth.

""This commitment to education and ongoing training is especially important as the mortgage industry continues to experience unprecedented change. NewDay's program's ensure employees are always up-to-date and prepared for regulatory changes that impact all aspects of mortgage originations and loan servicing,"" Lynch added.

NewDay USA expects to complete the move in early 2013.

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