Chrysalis Holdings Welcomes Michael Sanchez to its Board of Directors

Chairman & CEO at Savana, Inc. to Serve as Director at Chrysalis Holdings, LLC

News provided by

Feb 17, 2015, 09:30 ET

FULTON, Md., Feb. 17, 2015 /PRNewswire/ -- NewDay USA, one of our nation's leading VA, government lenders serving military veterans and their families, is honored to welcome Michael Sanchez to the board of directors of Chrysalis Holdings, LLC, a private investment company focused on mortgage banking and financial services. A key member of the Chrysalis Holdings family of companies, NewDay USA has been at the forefront of providing financing solutions to veterans and active members of the armed services.

"We are immensely proud and honored that Michael Sanchez has agreed to join the Chrysalis Holdings Board of Directors," said Rear Admiral Tom Lynch (USN, Ret.), Chairman of NewDay USA. "Michael is a proven entrepreneur, business executive and early pioneer in financial services technology. His vision, leadership, and execution experience are well known throughout the industry. Mike's experience in architecting technology platforms for the largest financial service companies will prove invaluable in helping NewDay plan for its significant growth strategy."

An industry veteran with significant experience leading financial services technology companies, Mr. Sanchez brings valuable knowledge and experience to NewDay USA. Technology solutions have played a big role in the company's impressive track record of success, as NewDay USA has long kept a strategic focus on strong analytics that drive best practices in mortgage loan originations.

Mr. Sanchez serves as Chairman and CEO of Savana, Inc., a fast growing business process automation company serving the financial services marketplace. Mr. Sanchez was previously president of the international division of Fidelity Information Services and founder and Chairman of Sanchez Computer Associates, a leading global supplier of core banking systems. He holds several United States and foreign patents for computer interconnect technologies. He has been recognized as the Ernst & Young Entrepreneur of the Year in the mid-Atlantic region software industry and the Philadelphia Chamber of Commerce Entrepreneur of the Year. He will begin taking an immediate active role within the Board of Directors.

"I am pleased to be a director of Chrysalis Holdings, and look forward to contributing to this company's efforts to build the most effective and efficient technical platforms that will enable the long term growth of this great company that helps military families realize their homeownership and financial goals," said Mr. Sanchez.

"We are extremely pleased to have Michael Sanchez join us," said Rob Posner, CEO of NewDay USA and Chrysalis Holdings. "As our companies seek to grow and expand in the financial services marketplace, the leadership teams at Chrysalis and NewDay USA will benefit immensely from Michael's intellectual talents and his renowned abilities as a strategic thinker who seeks ways to apply his technical expertise to real-world challenges, as well as embedding the compliance changes in today's regulatory environment."

Among the core values at NewDay USA is dedication to helping active military personnel, veterans and their families achieve their financial and housing goals. To support this goal, the company relies on the expertise of several of our nation's most experienced leaders in the financial services technology industry.

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, a registered trade name of NewDay Financial, LLC, and Chrysalis Analytics, LLC.

About NewDay USA

An industry leader committed to playing its part in supporting a vibrant, healthy housing market, NewDay USA, is a nationwide VA and FHA mortgage lender. The company focuses on helping active military personnel, veterans and their families achieve their financial and housing goals. 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.

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 the Medal of Honor Foundation, Boulder Crest Retreat for Military and Veteran Wellness, and the Vietnam Veterans Memorial Fund. Community service and giving back in the form of volunteerism also plays a big role among the NewDay USA workforce.

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

SOURCE NewDay USA