Chrysalis Holdings Appoints Anita Kwan as Chair and Katherine Le as Vice Chair of the Board

Appointments reflect NewDay United States parental commitment to DEI across all business units

FULTON, MD., March 21, 2022 /PRNewswire/ — Chrysalis Holdings LLCan investment firm focused on building and growing successful FinTech businesses, including New day United Statesproudly announces that Anita Kwan and Katherine Le joined the Chrysalis Board of Advisors as Chair and Vice Chair, respectively. Both are seasoned executives whose appointments reflect a commitment to diversity, equity and inclusion within the Chrysalis organization.

Kwan brings over three decades of business and management experience to his new role. As CEO of ComplianceEase, Kwan firmly established the company as the mortgage industry leader in automated compliance solutions, leading to its purchase by SitusAMC Holdings in 2020. Prior to ComplianceEase, Kwan co-founded and led Integrated Capital Group, a national company San Francisco– mortgage bank which was acquired by the Money Store in 1997 and later became a subsidiary of First Union Corporation in 1998.

Recognized by HousingWire as a HW woman of influence, Kwan has been widely recognized for her unique combination of federal and state fintech and compliance experience.

“Anita has been a longtime advisor and friend to me for over 26 years,” said Robert PosnerCEO of NewDay United States and CEO of Chrysalis Holdings. “NewDay was proud to be ComplianceEase’s first customer in 1999, and I am now honored to have her lead our Board of Directors. As President, Anita will have an influential role that will guide the family’s technology strategy. Chrysalis companies,” Posner added. “Anita was the inspiration for the construction of our elite educational institution, NewDay United States University. She will have a significant impact on the development of young leaders in our business who represent the next generation of mortgage bankers. »

“I am delighted to lead the Chrysalis Advisory Board,” said Kwan. “I have great respect for Chrysalis and its businesses. I look forward to helping evolve NewDay’s strategy to become the premier mortgage company serving military and veteran families.”

Katherine Lewho has more than 30 years of experience in finance, operations and technology, will serve as Vice Chairman of the Board of Directors of Chrysalis Holdings and will also assume the leadership role of NewDay’s correspondent lending business. .

Le is currently CEO of Mortgage Service Providers, a Santa Ana, California-a family of companies that provides valuation, verification, quality control and technology services to mortgage lenders across the country. Previously, she served as President of Stearns Lending for 16 years, where she played a key role in transforming the company into the nation’s leading wholesale mortgage lender.

Le has twice been named an Elite Women in Mortgage by Mortgage Professional America magazine and honored as Outstanding Businesswoman/Most Distinguished Woman Leader by the Orange County Business Journal in 2011.

“The past few years have been a transformative time for NewDay, and Katherine’s leadership will help lay the foundation for the next decade and beyond,” Posner said. “She will be an invaluable coach in guiding our company’s efforts to create an industry-leading correspondent lending platform.”

“It’s rewarding to be part of the Chrysalis Holdings team,” said Le. “The company is at the forefront of our industry, leveraging science and information to transform the customer experience.”

“Katherine’s leadership and experience in building successful mortgage businesses will make her a tremendous asset to our management team,” said Chrysalis President. Kimberly Browne noted.

About Chrysalis Holdings

Chrysalis Holdings, LLC is an investment firm focused on developing industry leaders in financial services, technology and business analytics. The company is focused on creating and growing thriving business and intellectual capital within the fintech industry. Current major holdings include NewDay Financial LLC, Chrysalis Analytics LLC, NewDay India Software Development Private Ltd and America’s Settlement Company. Learn more about Chrysalis Holdings at www.ChrysalisHolding.com.

About NewDay United States

New day United States is a nationwide VA mortgage lender focused on helping serving military, veterans and their families achieve their financial and housing goals. NewDay, which was named the best military lender by National Mortgage Professional, is also a ginnie mae (GNMA) authorized issuer/service. The company uses best practices in mortgage lending and career growth for mortgage professionals. In keeping with its mission, NewDay is a philanthropic partner of many organizations focused on helping military veterans and their families in need. the new day United States The Foundation provides four-year scholarships to children of deceased and severely disabled veterans to attend JROTC military high schools across the country. The company is also a major philanthropic partner of the Medal of Honor Foundation, USO, Boulder Crest Retreat for Military and Veteran Wellness, and is a major sponsor of the Military Bowl. Community service and contribution in the form of volunteering also play an important role among the NewDay United States labor. New day United States is a registered business name of NewDay Financial, LLC (NMLS#1043), which is a key holding company of Chrysalis Holdings, LLC, a leading private investment firm focused on the financial services industry. For more information on NewDay United Statesto visit
www.NewDayUSA.com.

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