Fulton, Md.-based Chrysalis Holdings LLC, the parent company of NewDay USA, has acquired the intellectual assets of Abacus Mortgage Training and Education, a Summerfield, N.C.-based provider of Nationwide Mortgage Licensing System & Registry approved loan officer training and education for mortgage originators.
Abacus founder Paul Donohue will join the leadership team at NewDay USA and serve as dean of NewDay USA University. In this capacity, he will manage and oversee the design of leading-edge curriculum devoted to housing finance sales, service and compliance issues.
‘The NewDay USA University initiative is one of the cornerstones of our compan''s success,’ says Rob Posner, CEO of NewDay USA. ‘At NewDay, we are committed to developing the industry's next generation of mortgage bankers. The university's programs, which focus intensely on originations, loan processing and underwriting, will deliver the training that puts our professionals on the path to a successful career.’