The VA mortgage lender has promoted its chief credit officer to the position
NewDay USA has announced the promotion of its chief credit officer, Michael “Mo” Oursler, to chief operating officer.
Throughout his eight years at the VA mortgage company, Oursler has served as chief credit officer, vice president of capital markets, and senior vice president of operations at NewDay University.
"Mo 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."
As chief credit officer, Oursler trained and developed underwriters in the NewDay University’s 24-month accelerated underwriting program.
"Mo's work in developing and leading Operation Home is a big reason NewDay is changing the lives of veteran families," NewDay USA Chairman Tom Lynch said. "He is highly respected throughout the company, making him the ideal leader to drive our growth into the next decade and beyond."
"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."
