Collateral Specialist - Warehouse Lending

Merchants Bank of Indiana • Mount Laurel Township, NJ

2d • $21 - $23 • Onsite

About The Position

Merchants Bank is seeking a Collateral Specialist to join our Warehouse Lending team in Mt. Laurel, NJ. Our Warehouse Lending Division partners with mortgage bankers across the United States, providing the financing solutions that help keep the mortgage market moving. In this highly visible role, you'll manage the physical collateral that supports mortgage originations, maintain the integrity of our collateral vault, and build relationships with clients nationwide. Due to the hands-on nature of receiving, storing, reconciling, and shipping original loan documents, this position is fully onsite and not eligible for remote or hybrid work arrangements.

Requirements

• High school diploma or GED required.
• Prior mortgage, banking, document custody, collateral management, loan operations, or related financial services experience preferred.
• Exceptional attention to detail with a proven ability to perform highly accurate work in a fast-paced environment.
• Strong organizational skills and the ability to efficiently manage, track, and retrieve large volumes of physical and electronic documents.
• Ability to quickly and accurately alphabetize, organize, file, and locate loan files and collateral documents while maintaining strict quality standards.
• Demonstrated ability to identify discrepancies, research issues, and resolve exceptions with minimal oversight.
• Strong critical thinking and problem-solving skills.
• Effective written and verbal communication skills with a commitment to delivering exceptional client service.
• Basic proficiency in Microsoft Outlook, Word, and Excel.
• Ability to prioritize multiple tasks, meet deadlines, and adapt to changing business needs while maintaining accuracy.
• Dependable team player with a strong sense of accountability and ownership.

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.

Benefits

• medical, dental and vision coverage
• 401(k) and Employee Stock Ownership Plan (ESOP) participation
• generous paid time off
• wellness resources
• Tuition Assistance Program that covers 100% of eligible tuition expenses, as well as required books and materials.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED