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Executive Team

John W. Somers
VP and Director of Loan Administration

Employed By Spencer Savings Bank Since: 1992
Employed In Industry Since: 1984

Outline of Responsibilities / Areas of Expertise / Memberships
Oversees all activities of Loan Administration

Maintains knowledge of applicable regulations and policies as it pertains to the monitoring and handling of the loan portfolio

Manages day-to-day operations relating to the servicing and collection actions undertaken within Loan Administration necessary to maintain a loan portfolio comprised of mortgage loan products, consumer loan products, and commercial loan products

Member of MBA – NJ Loan Administration Committee