Merchants Mortgage Promotes Lynne Coverdale to Mortgage Loan Originator

 CARMEL, Ind. – Merchants Mortgage, a division of Merchants Bank of Indiana (NASDAQ:MBIN) (“Merchants Bank”), today announces the promotion of Lynne Coverdale to Mortgage Loan Originator. Coverdale previously served as a Mortgage Closer on the Processing Team.

Lynne Coverdale Headshot
Lynne Coverdale

Coverdale brings over three decades of experience to her new role at Merchants Mortgage. As a mortgage loan originator, Coverdale will consult with clients and prospects regarding their home borrowing needs, and she is experienced in working with a variety of residential mortgage loan types.

In Coverdale’s former role at Merchants Mortgage, she prepared mortgage loan initial disclosures, finalized and disseminated final closing documents, trained new team members in the preparation of initial loan disclosures and more.

Lynne has been a great asset to our team over the past few years, so promoting her to the mortgage loan originator role was an easy next step for us,” said Jerry Koors, President of Merchants Mortgage. “In this role, Lynne will serve as our customers’ go-to for their banking and mortgage needs, processing loans and underwriting for Merchants Mortgage moving forward.”

Headshot of Jerry Koors
Jerry Koors

Prior to Merchants Mortgage, Coverdale served in a variety of roles across the state of Indiana, including resource ambassador for Gaylor Electric; mortgage loan officer for Centier Bank; and senior mortgage consultant for Salin Bank & Trust. In 2009, Coverdale was recognized as the No. 1 mortgage originator in the state of Indiana as reported by Scotsman Guide Magazine for production and volume.

Coverdale is a graduate of the University of Northern Colorado with a bachelor’s degree in business administration management. She also received an MBA in business administration from Indiana Wesleyan University.

To learn more about Merchants Bank of Indiana, visit or find Merchants Bank on Facebook, LinkedIn, Twitter and Instagram.


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