NewDay USA Hires Abhishek Prakash to Head NewDay India

WASHINGTON, Nov. 10, 2020 /PRNewswire/ -- NewDay USA, one of the nation's leading VA mortgage companies, today announced it has hired Abhishek Prakash as CEO of its subsidiary, NewDay India, headquartered in Hyderabad, Telangana, India.

"Abhi's experience in operations, strategy and business development, and building teams over the past 13 years at Schlumberger will be a valuable addition to NewDay," said NewDay USA Founder and CEO Rob Posner." As CEO of NewDay India, he will play an important role in the growth of NewDay USA and NewDay India."

Throughout his experience in leading operations across six continents, Prakash most recently was the Software Operations Manager for WesternGeco, a Schlumberger company--the world's leading oil field solutions provider, and an S&P 100 firm.  At WesternGeco, he was responsible for building and managing software operations for all of the company's North American clients.   

Before this, Abhishek served as WesternGeco's North America Business Development Analytics Manager and managed the Global Training Center for 700 employees worldwide. During his career at WesternGeco, Abhishek managed employees from over 40 countries.

Prakash recently completed an MBA from The Wharton School, University of Pennsylvania, as a Palmer Scholar (top 5% of the class) with majors in Operations and Finance. Before joining Schlumberger, Prakash graduated as a silver medalist from IIT Kharagpur, recognized as an Institute of National Importance. 

"It's a privilege for me to join the NewDay India team," Prakash said. "NewDay India, like NewDay USA, offers all its team members the opportunity to serve a noble purpose of serving service members and veterans. I am proud to join a company that is willing to invest in the careers of its employees."

NewDay USA is dedicated to making homeownership possible for all of our nation's servicemen and women, veterans and their families.  Established in 2019, NewDay India is a key partner to NewDay USA to automate and assist with mortgage services support functions for software development and the support functions of its mortgage operations.

About NewDay USA

NewDay USA is a nationwide VA mortgage lender focused on helping active servicemembers, veterans, and their families achieve homeownership and a financial plan for their future. The company was named a Best Military Lender by National Mortgage Professional.  NewDay is a  Ginnie Mae (GNMA) approved issuer/servicer, and also earned the designation of having delegated authority to close VA-guaranteed loans.  The company employs best practices in mortgage lending and career growth for mortgage professionals.

Consistent with its mission, NewDay is a philanthropic partner of numerous organizations focused on assisting military veterans and their families in need. The NewDay USA Foundation provides four-year scholarships to the children of fallen and severely disabled military veterans to attend JROTC military high schools across the nation. The company is also a philanthropic partner of the Medal of Honor Foundation, the USO, Boulder Crest Retreat for Military and Veteran Wellness, and has been a major sponsor of the Military Bowl. Community service and giving back in the form of volunteerism also play a significant role among the NewDay USA workforce. NewDay USA is a registered trade name of New Day Financial, LLC (NMLS # 1043), which is a key holding of Chrysalis Holdings, LLC, a private investment company focused on the financial services industry. For more information about NewDay USA, visit www.newdayusa.com.

SOURCE NewDay USA