Collateral Specialist - Warehouse Lending

Merchants Bank of IndianaMount Laurel Township, NJ
7dOnsite

About The Position

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. After one year as our Collateral Specialist, you will know if you were successful if you... 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 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 communications skills.
  • Detail oriented and strong critical thinking skills.

Nice To Haves

  • Prior mortgage experience preferred.

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 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.

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What This Job Offers

Job Type

Full-time

Career Level

Entry Level

Education Level

High school or GED

Number of Employees

501-1,000 employees

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