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Merchants Bank IN

Collateral Specialist - Warehouse Lending

Merchants Bank IN, Mount Laurel, New Jersey, United States

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Collateral Specialist - Warehouse Lending

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Merchants Bank IN .

The Collateral Specialist is an onsite position that will work with our team to receive incoming warehouse lending collateral, process note shipment requests, maintain a tidy and accurate collateral vault, and build strong relationships with the Warehouse Lending clients.

Responsibilities

Receive and log FEDEX and UPS incoming packages

Quality control collateral and mark accurately

Respond to and assist clients with any questions or concerns timely

Learn our Warehouse Lending System

Prepare and endorse allonges

Package notes and place appropriately for pickup

Reconcile the vault weekly to ensure information in the Warehouse Lending System matches physical notes on site

Comply with all federal, state and local regulatory rules and regulations governing financial institutions, as well as all company policies and procedures

Assist with other duties as assigned by the Warehouse Collateral Manager

Requirements

High School diploma or GED from an accredited institution

Basic skills in Office Suite – Word, Outlook and Excel

Strong written and verbal communication skills

Prior mortgage experience preferred

Detail oriented and strong critical thinking skills

About Merchants Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi‑family Mortgage Banking, Mortgage Warehousing and Banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500‑999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022).

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