NewDay USA Reviews

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NewDay USA

Overall Rating

3.9

252 Customer Reviews

Summary

NewDay USA is a mortgage lender that claims to provide a wide range of financial products that can help you save money and achieve your financial goals.

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Customer Reviews

3.9 Stars out of 252 Reviews
5 Star:66% 4 Star:5% 3 Star:2% 2 Star:4% 1 Star:19%
75% Recommend This Company
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Posted on Jul 4, 2018

VA Loan Refinance

By John B., Baton Rouge, LA, Verified Reviewer

The NewDay USA team made the entire process very straightforward, efficient and helpful to me. All of the written materials provided were clear and easy to understand.

There was a noticeable emphasis on speed but not at the expense of accuracy and due diligence. I was kept well-informed during the entire process, and all issues and questions were promptly resolved.

My account executive was Adam Hissong. He was superb in every respect.

A very positive experience that exceeded expectations. Thank you.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 4, 2018

So disappointing

By Michael P., Middleburg, FL, Verified Reviewer

Very easy and painless loan process. Prompt, friendly and professional service from their loan staff. They peddled my loan to another company within months of loan inception. So disappointing!

Bottom Line: No, I would not recommend this to a friend

Posted on Jul 4, 2018

Review of refinance procedure

By Robert G., Lexington, SC, Verified Reviewer

We initiated our process by email. We received a call from the agent, Wayne Spindler, almost immediately. Our whole process lasted about 4 weeks, even with a negative report on the appraisal. Wayne pushed our vendor to complete their work in time to go forward with the closing on time.

We are very happy to have used NewDay USA to broker our mortgage.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 3, 2018

Great service and great customer service

By William K., Tennessee, Verified Reviewer

My wife and I contacted NewDay USA and were immediately at ease with the Customer Service personnel. They provided all the information that we needed to make the decision to proceed with the re-fi.

Appointments for appraisal and final closing were at our choosing and were performed in a professional manner.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 3, 2018

Extremely disappointed

By Charles O., Woodruff, WI, Verified Reviewer

Please stay away from this company. They have lied to us on more that one occasion and will promise you everything to get your business. Very deceitful agents working for NewDay USA. They all should be ashamed of themselves for their dishonesty.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on Jul 3, 2018

The truth, and nothing but the truth

By Henry J., Arizona, Verified Reviewer

NewDay USA helped me like I have never been helped before with mortgage refinancing. The service was the best, fast, efficient and just downright unbelievable. All business was handled quickly, courteously, and with continuous contact while each phase of the refinancing was progressing. The online technology enabled our application to be completed easily while we were guided by an online person. We are now enjoying a new retirement because NewDay USA did everything they have said in commercials, letters, and by phone. My wife and I salute the folks at NewDay USA. Any veteran considering NewDay USA should check them out ASAP. You will not be disappointed.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 3, 2018

100% refi

By Joseph A., Overland Park, KS, Verified Reviewer

I feel the loan officer was too new to be on his own. He over promised and under delivered. The whole fee structure was a blur. In the end, I didn’t get the things I wanted to pay off and my rate and monthly payment are more. After closing, they took too long to send the payoff checks causing one of my creditors to be 40 days late. And they had to reissue a couple because they were not addressed to the creditors. That part was left up to me to figure out.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on Jul 3, 2018

Refinancing home loan

By Jim M., Nixa, MO, Verified Reviewer

We were in the market to refinance and had been seeing the add for NewDay USA. As a veteran of the U.S. Navy, I was interested in the idea of a company that would understand and honor my service. It was the right choice! We could not have had a better experience. From beginning to end we talked to the same very qualified and helpful person (Reece). He answered all of our questions and took care to make sure we were always informed. I would, and have, recommended NewDay USA to any veteran looking for help with a loan.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 3, 2018

On the top of every aspect of the loan

By Jeffrey C., Georgia, Verified Reviewer

Joe Bird was my account manager. He explained the whole process up front with me and was there very quickly with any problem or questions that I had. Great company and great customer service.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jul 3, 2018

Excellent service...

By Randall C., Alabama, Verified Reviewer

The staff was knowledgeable, professional, and courteous. This is a wonderful program for veterans. A very quick processing time from my application to closing! All of my concerns and questions were addressed in a timely manner.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jun 20, 2018

Don't take what you are told at face value

By Richard E., Las Cruces, NM, Verified Reviewer

I guess the lady I was dealing with was new. First I was told that my wife could not be on the loan. When I refused to sign the form as a sole purchaser, I was informed that gee, your wife can be on the loan after all. I was told I could pick any closing date I wanted. Due to the logistics involved, I wanted June 1st.

Two weeks prior to closing, I was assured everything was good to go for June 1st; plane tickets were purchased, reservations made, etc. A week later I was told I HAD to close on May 31st. When I started to refuse I was told that the title company and realtor had already agreed to the change and everything was set. So jumping through the hoops, we made it and closed on May 31st.

I was not happy with the service I received and will be informing all the veteran groups in which I am a member to advise everyone to approach NewDay USA being willing to double check everything you are told.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on Jun 16, 2018

$1100 monthly mortgage reduction

By Richard L., Nevada, Verified Reviewer

My wife and I needed to make a move to better our financial situation. Being a marine veteran I contacted NewDay USA because I felt they could better relate to a vet. Long story short, I'm very happy with my decision. We were put into the very capable hands of Joseph Potochney who is himself a Navy veteran. I consider this pairing a very fortunate one. Joseph was there to advise, counsel, and guide us through the refinance process. There was no stress, no pressure, and no emotional strain. Continuous communication was the order of the day and we were never left in the dark.

At the end of the day our monthly mortgage payments were eleven hundred dollars less than they were before. The whole process was also very timely. Twenty-one days start to finish. I wholeheartedly recommend NewDay USA and the people like Joseph who work for them for your financial needs. And yes, I would do business with them again.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jun 10, 2018

Excellent working with Christopher K. at NewDay USA

By Barbara M., Crossville, TN, Verified Reviewer

Working with NewDay USA was a great experience buying my new home. Our Account Executive worked great with us, any questions we had he answered them quickly and always kept us informed of the status. I would recommend NewDay USA to all my VA friends and family. Thank you again for making this experience great!

Bottom Line: Yes, I would recommend this to a friend

Posted on Jun 9, 2018

Professional

By Richard O., Iowa, Verified Reviewer

Brian Kaplan was very professional, and his expertise was second to none! We would give him 10 rating plus! There was not a question that we asked Brian, and he would have an immediate answer! We felt very comfortable thru the whole process with Brian Kaplan.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on Jun 5, 2018

Fast, effective and considerate

By Scott Y., Fort Lauderdale, FL, Verified Reviewer

The easiest house I've ever financed, prequalified, found our house, got our inspections and insurances. Thirty days later, we are in our dream house. Thanks with all our hearts, NewDay.

Bottom Line: Yes, I would recommend this to a friend

Posted on Jun 1, 2018

Veterans be aware, do NOT use!

By Michael E., Idaho, Verified Reviewer

I was contacted by this company and given the best salesman pitch ever. Once asking what are minimum credit required for a VA loan, I was told that they've been known to Veterans financed at 580 and 590 Fico scores. Now given the fact that I've been paying rent at $1150 a month for 12 months, paid off two big loans totaling around $7k to $8k. This left me with only a few items left on my report - a truck loan at $895 a month and a car loan at $556 a month.

I had planned on paying off my Capital One card as well as a loan that was $215 a month and was going to pay off all additional small things on my report. Again this would leave me with the car and truck totaling $1451.00 a month in bills. Yet with a $4600 a month income and VA loans allowing 41% debt to income ratio, with my income this allowed $1879.85. As you can see, I well under that, and I only received a VA qualification for a $105k. Very sad to say the least.

Don't waste your time. I recommend you contact Veterans First Mortgage; they do understand Veterans and will give you a fare more reasonable qualification.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 2 People Have Voted

Posted on May 31, 2018

Paid off our debts

By James and Edna H., Elizabethton, TN, Verified Reviewer

Our contact with NewDay started back in March 2018. Our contact person was Anthony Sainclair. What a wonderful man. We had problems from the start, and he walked us through each one, giving moral support to keep us going. First, our well water wouldn't pass inspection, and we had to undergo testing three times. With that behind us, we then ran into problems with our current lender. They took forever to transfer our mortgage! Anthony kept us from giving up. WE highly recommend NewDay for any Veteran seeking help securing a mortgage or getting a current mortgage refinanced. We even got enough money to pay off our debts.

Bottom Line: Yes, I would recommend this to a friend

Posted on May 28, 2018

Extremely satisfied

By Rob B., Yukon, OK, Verified Reviewer

Carson Rau was my representative for NewDay, and I cannot express enough how impressed I was with every step of this process due to Mr. Rau's devotion to me, other veterans and NewDay. He made himself available 24/7 and not one time during this process was I unable to speak to him immediately, every time.

NewDay has given my wife and I a second chance at financial stability for our senior years. I could NOT have been more satisfied.

Thank you for having the insight to employ people like Carson Rau, he is "second to none."

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 27, 2018

Superior service

By Ronald O., Raleigh, NC, Verified Reviewer

First and foremost, I would like to commend Lewis Sogge as the account manager. Lewis was thorough and exceptionally helpful, he is personable, thoughtful and helped me all along the way. He is superb in every respect and specifically in communications. I cannot truly express my appreciation for this loan as it has completely changed my financial outlook for the future. I am excited about all aspects of this loan from the rates to the monthly payments. I appreciate the great people on their team, including the appraiser and the gentleman who came to my house to finalize the paperwork.

Thank you RADM Lynch as a fellow Navy Veteran, your help has transformed my financial life, it is appreciated. Your team is first class.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 27, 2018

High marks

By Chuck V., Limerick, PA, Verified Reviewer

The experience we had working hand in hand with NewDay was made much less painful than we had imagined. Matt Mamon walked us through the process, explaining everything along the way. Thank you very much for allowing us to consolidate our major bills, and still benefit from a cash loan. We appreciate the professional and courteous manner of your staff.

High marks.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 27, 2018

Job well done

By Steve J., Atlanta, GA, Verified Reviewer

My wife and I approached NewDay based on their focus on veterans. From the very first phone call, the service was extraordinary. Joseph Reter, our rep, walked us through the entire process with clarity and precision. He explained the advantages offered by NewDay, particularly the 100% home value refi plan. Joseph kept us informed on a nearly daily basis of where we stood in the process, as well as what the next steps would be. It was obvious that he was keeping us totally in the loop as to the status of our application. There were no snafus anywhere in the entire sequence of events. The entire process went very quickly and was handled very professionally.

We are extremely pleased with the transaction and would gladly recommend NewDay to any vets out there looking to refinance.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 24, 2018

Refi process

By Wilmer L. G., Seligman, AZ, Verified Reviewer

We were very pleased with the experience with NewDay USA while refi'ing our home. Our processor was very caring, very knowledgeable, and was very helpful doing the entire process. Tom Baxter was always available for questions, and direction, which made the refi go very smoothly.

Thank you NewDay USA and to Tom Baxter.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 2 People Have Voted

Posted on May 24, 2018

Easy refinance

By Frank D. C., Huntsville, AL, Verified Reviewer

Refinancing my home through NewDay USA was an outstanding experience. As we near retirement in the next couple of years, it was time to perform some major updates to the house without digging into retirement savings, I had seen the advertisements for NewDay USA and investigated the website. The information was clear and very promising.

I submitted the request for more information, and an incredibly polite and professional young man called the next day. Evan turned out to be every bit as competent and helpful as he sounded. We addressed my needs, the refinance process, and what to expect. Within a couple of weeks, the process was completed, agreements were signed, and our money was in the bank.

Evan was available quickly every step of the way and answered all our questions simply and accurately. In fact, each person we worked with, from the appraiser to the notary was the same way. It was an excellent experience.

Bottom Line: Yes, I would recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 22, 2018

Outstanding professional service!

By Robert James C., Cocoa, FL, Verified Reviewer

Mr. Alec Chapelli was my loan officer. He was excellent to work with. My experience was timely and result oriented. It was my privilege to meet someone in this day and age that is detailed oriented, informative, and courteous. Thanks Alec and thanks NewDay.

Bottom Line: Yes, I would recommend this to a friend

Posted on May 18, 2018

Experience

By Larry Eugene Weldon, North Carolina, Verified Reviewer

It was a very easy process, all involved in the process were extremely well versed in the entire process. As a former mortgage broker, this was great. My thanks to Cory for all the assistance with this.

Bottom Line: Yes, I would recommend this to a friend

Posted on May 11, 2018

I don't know what this means

By Joe Evans, Grand Junction, CO, Verified Reviewer

The most drawn-out, hardest money I have ever obtained. Lord willing and the creek don't rise, I'll never have to borrow money from them ever again. I have said everything that needs to be said. Well, one thing, it sat in underwriting for two weeks with a complete package before them. My rep didn't understand why it was taking so long, either. Oh well.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on May 8, 2018

Service

By James A. Moore, Choctaw, OK, Verified Reviewer

I was scheduled to close on my house on the 13th of April 2018 and didn't end up closing until the 23rd of April 2018. Loan originator (Sasha Malcolmson, Assistant Vice President-Loan Origination) was always asking for more paperwork that was provided previously. She was good at telling me I was on a recorded line. I would have to follow up with the title company to see if they received paperwork from NewDay USA. After initially getting set up on my loan, when I would call I would always get the answering machine after and not get a call back except to tell me they needed new documents. My realtor was also having the same issues with getting any kind of response.

I will never recommend anyone to go through NewDay USA unless they want to have a headache for weeks and test their stress level. If I was Thomas C. Lynch, RADM (retired) I would take my picture off any NewDay USA advertisements. Very unsatisfied customer!

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 4 People Have Voted
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