Collateral Specialist - Warehouse Lending
Looking for a role where your attention to detail directly impacts a nationally recognized lending operation? 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.
As a Collateral Specialist, Warehouse Lending, you will be able to do the following confidently and independently...
- 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.