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Former Secretary of the Department of Veterans Affairs R. James “Jim” Nicholson Named Director at Chrysalis Holdings, LLC, NewDay USA

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 that R. James “Jim” Nicholson has joined its board. Nicholson will also serve on the board of NewDay USA, LLC, a nationwide VA, FHA and reverse mortgage lender and one of Chrysalis’ key holdings.

“The addition of Secretary Jim Nicholson to the board further strengthens our leadership team. His expertise and experience in real estate and housing, combined with his lifelong commitment to the armed services, will be invaluable,” said Joe Murin, chairman of the board at Chrysalis Holdings and president of NewDay USA.

Secretary Nicholson, who currently works in the Washington, D.C. office of Brownstein Hyatt Farber Schreck LLP, served as the Secretary of the U.S. Department of Veterans Affairs from 2005 through 2007. Prior to serving as U.S. Secretary of Veterans Affairs, Nicholson was the U.S. Ambassador to the Holy See from 2001 until 2005. He was knighted by Pope John Paul II for his humanitarian work while representing the U.S. to the Vatican. He also served as the chairman of the Republican National Committee from 1997 through 2001.

“I am very pleased to welcome my long-time friend and colleague Jim Nicholson to our leadership team,” said NewDay’s Chairman, Admiral Tom Lynch. “His remarkable accomplishments in the military, the private sector and as a White House Cabinet member are impressive. I speak for the entire board and workforce at NewDay when I say we are very fortunate to have Jim on our team as we continue to lead the industry in delivering superior mortgage products and services to veterans, active duty service members, military families and seniors.”

“I look forward to serving on the NewDay USA board,” Nicholson said. “This company has a remarkable track record of success that extends far beyond its mission of meeting home financing needs of the nation’s veterans, active service members and seniors. The entire NewDay team also shows a commitment to philanthropic organizations that make a positive difference in the lives of brave men and women who have served their country."

Prior to his civilian government service, Secretary Nicholson practiced law in Denver, Colo., before he founded Nicholson Enterprises, Inc., a developer of planned residential communities, and was also the owner of Renaissance Homes, an award winning home builder in Colorado. He was inducted into the National Association of Home Builder’s National Housing Hall of Fame in recognition of his contributions to the nation’s housing industry. He is a graduate of the U.S. Military Academy at West Point and served eight years of active duty before retiring from military service with the rank of colonel in the Army Reserve.

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.

NewDay USA is a key holding of Chrysalis Holdings, LLC, a premiere private investment company focused on the financial services industry. For more information about NewDay USA, visit www.newdayusa.com.

For Chrysalis Holdings/NewDay USA
Sheryl Gudelsky, 678-781-7229

Source: Chrysalis Holdings, LLC