Sun National Bank has more than doubled the size of its New Jersey home mortgage team by creating positions for 50 former MetLife professionals at Sun Home Loans, the residential lending division of the Vineland, N.J.-headquartered bank.
In late 2011, MetLife announced it was exiting the banking business and would be sold to GE Capital. According to Sun National, the new hires include 25 loan officers and 25 support services professionals, who will serve customers throughout New Jersey.
‘We welcome the new members of our team and are confident this expansion of the Sun Home Loans division will enhance our residential mortgage platform, enable us to bring other bank products and services to our mortgage customers and increase our overall market penetration across the state,’ says Thomas X. Geisel, president and CEO at Sun National Bank. ‘We are already seeing the benefit of expanding our team, having achieved a 132 percent increase over the prior quarter in home mortgage originations.’