Provident Bank Expands Mortgage Warehouse Lending Team Adding Vice President to Support Growth Strategy
Rhea-AI Summary
Provident Bank has appointed Mohamed Najam as Vice President, Senior Relationship Manager for its mortgage warehouse lending team. In his new role, Najam will focus on developing warehouse lending relationships across the Northeast, Mid-Atlantic, and Southeast regions. He brings over 20 years of experience in mortgage warehouse lending and corporate banking, previously serving as First Vice President at Flagstar Bank's warehouse lending division. This strategic hire aims to support Provident's specialty lending business growth while maintaining high-quality customer service standards.
Positive
- Strategic expansion of mortgage warehouse lending business
- Addition of experienced senior executive with 20+ years in the industry
- Geographic expansion into Northeast, Mid-Atlantic, and Southeast regions
Negative
- None.
ISELIN, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Mohamed Najam as Vice President, Senior Relationship Manager with the bank’s mortgage warehouse lending team, as the bank continues to bolster its specialty lending business, specifically in the mortgage warehouse space.
Mr. Najam is responsible for developing new and profitable warehouse lending relationships in the Northeast, Mid-Atlantic, and Southeast regions. This includes prospecting for new clients via direct solicitation, centers of influence, existing customers and other referral sources. In addition, he will service and maintain existing relationships, cross sell other banking products and services, as well as manage the overall credit process through underwriting, approval, closing and boarding.
“Mohamed is a seasoned banker with extensive experience in mortgage warehouse lending, business development, asset-based lending, and credit risk management,” said Thomas Berger, Senior Vice President and Team Leader, Mortgage Warehouse Lending. "As we continue to expand our business, the addition of Mohamed to our team ensures that we remain well positioned to grow our portfolio, while providing customers with a best-in-class experience."
Mr. Najam has more than 20 years of experience in mortgage warehouse lending and corporate banking. Most recently, he served as First Vice President with the warehouse lending division at Flagstar Bank. In this role, he was responsible for directing and driving business development and growth, while maintaining and identifying new business relationships. He has also held positions with Santander Bank and Bank of America.
“Talent and customer experience is the key to Provident’s success, Mohamed brings both to our mortgage warehouse platform. Mohamed will play a critical role in the continued success and growth of the team as we commit to serving this dynamic industry,” added Ron Krauskopf, Executive Vice President, Head of Commercial Specialty Lending.
About Provident Bank
Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of
Media Contact:
Keith Buscio
Keith.Buscio@provident.bank
Vested
Providentbank@fullyvested.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2caa4d44-b42d-4233-946d-9136a5c08a58
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