Collateral Specialist - Warehouse Lending

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.

What we are looking for...

• High School diploma or GED from an accredited institution.
• Basic skills in Office Suite-Word, Outlook, and Excel.
• Strong written and verbal communications skills.
• Prior mortgage experience preferred.
• Detail oriented and strong critical thinking skills.

Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more.

Salary Information: $21.00 - $23.00 per hour + discretionary annual bonus 

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 that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community 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). For more information read the entire article here.