Peapack Private Bank & Trust · 2 weeks ago
Consumer Loan Specialist
Bedminster, NJ
Full-time
Onsite
Mid, Senior Level
$51K/yr - $62K/yr
5+ years expPeapack Private Bank & Trust is a well-recognized, high-performing boutique bank that provides innovative private banking solutions. The Consumer Loan Specialist will oversee the documentation and submission process for various consumer loans and serve as the main point of contact throughout the loan process.
AdviceFinancial ServicesWealth Management
Responsibilities
Review incoming consumer loan applications for completeness. Communicate missing items with branches and relationship managers/loan officers
Review new files as per the SLA within 24-48 hours
Review, analyze and evaluate loan applications and requested documentation for accuracy, including appraisals, credit reports, income and asset documents, prior to submitting loan to underwriter/credit officer for loan approval
Disclose applicable loan packages within regulatory requirements
Monitor and Manage pipeline to meet contract deadlines and expirations
Monitor loan application status through automated reporting and data tracking
Ensure follow-up procedures and proper timelines are adhered to with all loans in the Pipeline
Serve as a liaison between sales and underwriting to streamline the process
Assist with notifying applicants of loan decisions as necessary
Assist in closing, post-closing or funding issues
Assist/cross train in residential mortgage processing, as needed
Maintains current knowledge of consumer & residential lending department policies and procedures
Stay abreast of changes in Internal, State and Federal policies, standards, and regulations concerning lending practices
Develop, maintain knowledge, and comply with company policy and secondary market requirements pertaining to credit/security standards and regulatory requirements relative to conventional, government, and self-employed loans requirements
Stay up to date on Internal Compliance training
Qualification
Required
Associate degree; High School diploma
Five to seven years' experience in a financial institution mortgage lending or consumer lending department with HELOC experience preferred
Strong understanding and knowledge of consumer lending products and residential mortgages documentation
Excellent oral and written communication skills
Ability to read, write, and speak English clearly
Ability to interact effectively and tactfully with all levels of the Bank either in person or over the telephone
Ability to identify and resolve problems in a timely, objective, and confidential manner
Must be an organized, independent, and detail-minded individual
Ability to operate a PC with proficiency in Word and Excel; working knowledge of Silverlake and Microsoft Outlook
Ability to operate all office equipment
Benefits
A generous paid time off program
Comprehensive medical, dental and vision coverage
Maternity/paternity leave
Education reimbursement
Wellness programs
Participation in an Employee Stock Purchase Program
A 401K with a generous match
Company
Peapack Private Bank & Trust
Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management*, investment banking, commercial and personal solutions.
201-500 employees
Funding
Current Stage
Growth StageRecent News
2025-10-04
2025-07-22
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