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MBA Expands Path To Diversity Scholarship

The Mortgage Bankers Association (MBA) announced that scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.


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“The Path to Diversity Scholarship Program was created to celebrate our industry’s diverse workforce and recognize those professionals who are seeking to advance their careers through the many real estate finance courses and certificates offered by MBA,” said Lisa J. Haynes, Chief Financial and Diversity and Inclusion Officer of the Mortgage Bankers Association. “Expanding the usage of the scholarships creates new opportunities for industry professionals to participate at our conferences.”


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P2D scholarship awardees can now use their voucher of up to $2,000 to cover registration fees at conferences that have sessions or tracks eligible for CPE, CLE or SHRM credits. The full list of upcoming MBA conferences are:


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Human Resource Symposium (SHRM) – September 11 – 12, 2019

Regulatory Compliance Conference (CLE) – September 22 – 24, 2019

Accounting and Financial Management Conference (CPE) – November 19 – 21, 2019


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National Mortgage Servicing Conference & Expo (CLE) – February 23 – 26, 2020

Legal Issues and Regulatory Compliance Conference (CLE) – May 3 – 6, 2020

Commercial/Multifamily Servicing & Technology Conference (CPE) – May 17 – 20, 2020

Under the new expansion, awardees can choose to cover course registration fees, up to a maximum of $2,000, at the aforementioned upcoming conferences, or can continue to use it towards MBA Education programs and courses. To be eligible for the P2D scholarship, applicants must be currently employed by an MBA member firm or state MBA member firm, and have two years of experience in the mortgage industry, or some equivalent in real estate finance experience or training. Applicants can be awarded the scholarship once per calendar year and up to three times in their career.

To view the eligibility requirements for MBA Education courses and conferences or to apply, visit here MBA members can visit here to donate to the P2D scholarship fund.

NewDay USA Awards Scholarships To Children Of Servicemembers

NewDay USA, a nationwide VA mortgage lender, has announced that it is extending its military prep school scholarship program criteria to include children of soldiers and National Guard members with a successful deployment record in the Global War on Terror (GWOT). NewDay USA scholarships were initially reserved for children of Gold Star families and the children of a 100 percent disabled combat Veteran.  


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“Overseas deployments put a huge strain on military families, both personally and financially. We want students to get a great military education and not have their families worry about the cost during such a time,” said Rear Admiral Thomas Lynch USN (Ret.), Executive Chairman of NewDay USA.  


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On December 3rd, NewDay USA awarded its 50th full military prep school scholarship to Kathryn Lilyanne Bailey to attend Georgia Military College Preparatory School (GMC Prep) in Milledgeville, Georgia. Kathryn, a sixth-grader at the school whose father is a 100 percent disabled combat Veteran, was awarded a scholarship that will pay her tuition until she graduates 12th grade. Her brother Jacob is also a recipient of this scholarship. 


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“We are just blown away by the generosity of NewDay USA and their support of our soldiers and their families,” said Brigadier General Randall Simmons, Commanding General of the Georgia National Guard. “Providing these scholarships does so much for our deployed soldiers, who now have increased confidence that their children are getting a quality education back home so they’re able to focus on the mission at hand. We couldn’t be more thankful for NewDay’s generosity and expanding their scholarship program to the children of GWOT Veterans.”

Kathryn Bailey was awarded the scholarship just as the Georgia National Guard 48th Infantry Brigade Combat Team (IBCT) was about to be deployed to Afghanistan. The scholarship is good for the entire time she attends GMC Prep. “As the beneficiary of a JROTC education, I know personally how important such an education is in building America’s leaders of tomorrow,” said NewDay USA CEO Rob Posner. “Expanding our scholarship program to the children of those who have served our country during the Global War on Terror (GWOT), is one of the most important things we are doing as a company.” 

The NewDay USA Foundation has now awarded 50 full scholarships to students at 13 military prep schools in 11 states, including 13 scholarships to GMC Prep School cadets since 2016. NewDay USA has also donated $1 million to the GWOT Memorial, currently under construction in Washington, D.C.

“It’s absolutely incredible what these scholarships do for these families,” added Lieutenant General William B. Caldwell, IV, President of Georgia Military College. “We are incredibly appreciative of NewDay USA. Their commitment to Veterans is so special.

VA Lender Gives Two Children Scholarships

NewDay USA, a nationwide VA mortgage lender, announced that for the sixth consecutive year the company is serving as a five-star sponsor of the Military Bowl presented by Northrop Grumman. The 2016 Military Bowl, which features the No. 23 Temple Owls against the Wake Forest Demon Deacons, is being held today at the Navy-Marine Corps Memorial Stadium in Annapolis, Maryland.

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This year’s Military Bowl halftime celebration features children of fallen veterans, Liam Griffin and Sophia Moore, who will be presented with NewDay USA Foundation academic scholarships to two of the most distinguished private military high schools: St. John’s Northwestern Military Academy of Wisconsin and Culver Academies. Rear Admiral Tom Lynch, (USN Ret.), executive chairman of NewDay USA, and Rob Posner, chief executive officer of NewDay USA will conduct the ceremonies.

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The NewDay USA Foundation provides scholarships to children of fallen or severely wounded veterans, and those whose families have endured multiple, extended deployments. Since the inception of these scholarships in 2013, the Foundation has committed approximately $1.2 million in scholarship funds to children attending select military high schools.

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According to Dr. Jack H. Albert, president of St John’s Northwestern Military Academy of Wisconsin, “St. John’s Northwestern Military Academy is honored to partner with NewDay USA in its scholarship program recognizing the families of those who have served our country and who have sacrificed so much. For more than 133 years, St. John’s Northwestern Military Academy, a premier military high school, has stood at the forefront of sound education and character building leadership. It is in this spirit we are humbled by the scholarship provided to our cadet Liam Griffin, whose family stood the supreme sacrifice for our nation, and who himself is a model of courage and character; a gift well deserved and thankfully received.”

“Culver Academies is very thankful and honored for NewDay USA providing this special scholarship for veterans and their families who have sacrificed so much,” said Jim Power, head of schools at Culver Academies. “The NewDay scholarship has transformed a veteran family’s hardship and sacrifice into a unique leadership and education opportunity for Sophia Moore to attend Culver Academies. Since 1894, Culver has been a top-tier college preparatory school with a focus on educating its students for leadership and responsible citizenship in society by nurturing the whole individual – mind, spirit, and body.  The NewDay USA Foundation scholarship program embodies the ideals of character and leadership represented in our nation’s best, ensuring those values are nurtured in future generations.”

“With these scholarships we wish to honor the service members and their families’ sacrifices by easing the burden of tuition. We also wish to salute Sophia’s and Liam’s strength and character during their lives as military children,” said Rear Admiral Lynch. “The NewDay USA Foundation scholarship program provides an amazing opportunity for children whose parents or guardians have made great sacrifices for our country. These scholarships provide an education that may not have otherwise been available to the students.”

On game day, NewDay USA also serves as the sponsor of the Medal of Honor Reception held prior to kickoff. The NewDay USA Foundation supports Congressional Medal of Honor Foundation programs for character and leadership development and responsible citizenship in middle and high school curriculums throughout the country.