set to dateValue instead of value,
new sap.ui.commons.DatePicker(this.createId("effectiveDate"),{width: "15em", dateValue: new Date(), setLocale: "en-US", type: new sap.ui.model.type.Date({pattern: "MM/dd/yyyy", strictParsing: false})})
set to dateValue instead of value,
new sap.ui.commons.DatePicker(this.createId("effectiveDate"),{width: "15em", dateValue: new Date(), setLocale: "en-US", type: new sap.ui.model.type.Date({pattern: "MM/dd/yyyy", strictParsing: false})})