Anchored by its proximity to the metropolitan centers of New York City in the north and Philadelphia in the south, New Jersey is home to a growing and diversified economy. Key industries are pharmaceuticals and life sciences, financial services, information technology, and transportation and logistics.
 
A strong and competitive financial sector characterizes the banking climate in New Jersey, with a mix of large national and regional banks serving the state's diverse communities and businesses. The state's robust economy, well-educated workforce, and proximity to New York City contribute to a favorable banking environment. Additionally, New Jersey has a long history of strong regulation and oversight, which helps maintain the stability and soundness of its financial institutions. The banking industry in New Jersey continues to evolve and grow, adapting to changing economic and technological trends, to provide a wide range of products and services to its customers.

According to the most recent data available, the ten largest banks by asset size in New Jersey are:
  • JPMorgan Chase Bank N.A.
  • Wells Fargo Bank N.A.
  • TD Bank N.A.
  • Bank of America N.A.
  • HSBC Bank USA N.A.
  • PNC Bank N.A.
  • Capital One N.A.
  • Webster Bank N.A.
  • Investors Bank
  • OceanFirst Bank N.A.

When attorneys bring litigation in New Jersey, they often seek a banking expert witness with extensive knowledge of banking and mortgage loan servicing matters. Jason D. Koontz, with more than 20 years of experience in the banking industry, can meet that need. He has been an expert in more than 240 matters in federal and courts across the United States. Koontz has a wide-ranging background in risk and credit issues and earned the Credit Risk Certification (CRC) designation from the Risk Management Association
 
Moreover, Koontz works well with litigators by closely examining key documents and files, focusing on the extent to which lenders and servicers have followed standard procedures and best practices. His review can cover all areas ranging from underwriting to loan closing to servicing and, if necessary, debt collection and foreclosure.
   
During a trial, Koontz is prepared to testify by presenting his understanding of the files and documents in language that makes it easy for jury members to follow his process and remember significant points.
 
Among the many players involved in litigation in the banking industry are banks, large lenders, individuals, mortgage loan services, and even small business owners. Koontz has extensive banking expert witness experience advising attorneys who handle the following matters for these clients, whether as plaintiffs or defendants:
 
For Commercial Banks
  • Cash management
  • Commercial loans
  • Debt collection
  • Lender liability
  • Underwriting

For Retail Banks and Mortgage Servicing
  • Consumer protection
  • Debt collection
  • Deposit accounts
  • Foreclosure
  • Lender liability
  • Loan modifications
  • Mortgage loan servicing
  • Predatory lending
  • USPAP compliance
 
Beginning with document review, through examination, report preparation, and finally to trial, Koontz maintains frequent contact with the litigation team to ensure the process moves forward with appropriate speed and clarity. Many attorneys say he is highly skilled when recounting his report in court using language that clearly explains lending and servicing terminology to people who are not professionals in those industries. In addition, Koontz serves as a mortgage servicing expert witness for both debtors and creditors in matters related to mortgage servicing.

When you need an expert witness to clearly and cogently explain complex banking or mortgage servicing issues to the jury, judge, or an arbitration panel, contact Jason Koontz at (646) 397-3835 or email [email protected].