Merchants Bank of Indiana began its Warehouse Lending Division in 2009 to serve a much needed void in the mortgage industry. Since that time the Warehouse Lending Division has leveraged its years of mortgage experience to become a significant line of business. The Merchants Warehouse Lending Division currently holds a 3% market share and in 2016 funded over $25 billion in mortgage loans.
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Michael J. Dunlap, President and COO
The Warehouse Lending Division prides itself on the level of customer satisfaction it provides to its mortgage banking partners. Currently three of the largest non-bank lenders in the country have chosen to establish lines with Merchants Warehouse Lending Division. As a division of Merchants Bank of Indiana, the Warehouse Lending Division compliments other divisions of the bank through its ability to offer its partners a
wide array of products and services. That includes offering loan participations and warehouse lines of credit to a national customer base, with the ability to service both single family and multi-family mortgage bankers. The division has also displayed the ability to grow through high refinance volume times, showing its partners they can confidently rely on Merchants Warehouse Lending Division to get the job done.
The Warehouse Lending Division is always looking for new and innovative ways to better serve its partners in the future. To this end the Merchants Warehouse Lending Division has become one of the first warehouse lenders to fund electronic notes, which provides for better customer service and efficiency to the mortgage industry. Merchants considers itself a leading warehouse lender based on its commitment and service to the mortgage industry.