Full-Time

Underwriting Analyst

Gse

Posted on 3/20/2025

Merchants Bank of Indiana

Merchants Bank of Indiana

201-500 employees

Offers banking and mortgage services

No salary listed

Entry, Junior

Boston, MA, USA + 5 more

More locations: Bloomington, MN, USA | Washington, DC, USA | Chicago, IL, USA | Carmel, IN, USA | New York, NY, USA

Candidates must be able to go into a Merchants office located in one of the specified cities.

Category
Real Estate
Real Estate Finance
Connection
Connection
Connection
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Requirements
  • Bachelor’s degree (Business or Finance degree preferred)
  • Previous experience within the real estate industry preferred
  • Demonstrated analytical skills with the ability to evaluate data quickly and take action to assist the team in moving transactions forward
  • Excellent interpersonal and presentation skills with strong work ethic to meet the daily challenges of a fast-paced environment
  • Demonstrated ability to develop and execute solutions to complex issues and transactions
  • Requires critical thinking skills and multitasking
  • Ability to show ownership of your work, take on challenges, and demonstrate patience when learning new processes
Responsibilities
  • Work with Underwriter(s) and perform due diligence for multifamily products and transactions
  • Input income and expense statements in order to determine maximum loan amounts
  • Conduct initial reviews of market areas, property and site characteristics
  • Complete initial review of borrower and management qualifications
  • Learn methodology for building up proforma income & expenses
  • Learning FNMA and FRE DUS Guide underwriting requirements along with reviewing any lender updates on an on-going basis
  • Conduct site visits to assess the condition and quality of multifamily projects, their management, and the market
  • Order and complete preliminary review of third-party reports including appraisals, engineering, seismic, Phase I environmental assessments, and operations & maintenance (O&M) plans
  • Maintain organized and fully documented underwriting files and managing underwriting checklists
  • Assist in crafting the DUS narratives/final loan packages for committee review
  • Communicate closely with the Underwriting team, Production, Closing, Insurance and others as appropriate to problem-solve deal issues
  • Assist in completing underwriting deliverables as part of the closing and submission of the loan to the investor
Desired Qualifications
  • Previous experience within the real estate industry preferred
Merchants Bank of Indiana

Merchants Bank of Indiana

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Merchants Bank of Indiana provides a variety of banking services, including personal and business banking, as well as mortgage services. The bank specializes in financing solutions for multifamily, affordable, senior, and student housing, catering to individual consumers, small to medium-sized businesses, and real estate developers. It operates mainly in Indiana and utilizes both traditional and online banking platforms to meet customer needs. Merchants Bank of Indiana stands out from competitors by offering competitive deposit rates, free online and mobile banking, and nationwide free ATM access. Additionally, its subsidiary, Merchants Capital, focuses on specialized lending for refinancing, acquisition, new construction, and substantial rehabilitation projects. The bank's goal is to provide personalized financial services and support for housing projects that benefit the community.

Company Size

201-500

Company Stage

IPO

Headquarters

Carmel, Indiana

Founded

2009

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital banking enhances their online and mobile platforms.
  • Expansion in Illinois aligns with suburban mortgage market growth.
  • Interest in sustainable financing aligns with their affordable housing focus.

What critics are saying

  • Increased competition in Chicago may impact market share.
  • Pressure to deliver high returns from recent depositary share offering.
  • Exposure to agricultural sector risks with new lending initiatives.

What makes Merchants Bank of Indiana unique

  • Specializes in financing multifamily, affordable, senior, and student housing projects.
  • Offers competitive deposit rates and nationwide free ATM access.
  • Provides specialized lending through its subsidiary, Merchants Capital.

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Growth & Insights and Company News

Headcount

6 month growth

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1 year growth

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2 year growth

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QubeMark
Apr 23rd, 2025
Merchants Bancorp Prices Depositary Share Offering

CARMEL Ind Nov 18 2024 Merchants Bancorp Merchants Nasdaq MBIN a holding company that operates through its wholly owned subsidiary Merchants Bank of Indiana Me

Merchants Bank of Indiana
Feb 27th, 2025
Merchants Mortgage's Illinois-Based Lending Team Moves to New Location within Chicago Suburb

The new space will support a growing team of mortgage professionals as Merchants continues to expand its services and presence across the greater Chicago metropolitan area and throughout the state of Illinois.

Building Indiana
Dec 28th, 2024
Merchants Bank Hires George Wilson as New Hamilton County Agricultural Lender

Merchants Bank (NASDAQ:MBIN) announced the hiring of George Wilson as an Agricultural Lender to serve Hamilton County and the surrounding area.

Fintechs Depot
Nov 26th, 2024
Merchants Bancorp Closes Depositary Share Offering

As a result of the public offering Merchants received proceeds of approximately $222.8 million, net of estimated expenses and underwriting discounts and commissions.

Business Insider
May 30th, 2024
AELF Announces Completion of $40 Million Credit Facility With Merchants Bank

CHICAGO, IL / ACCESSWIRE / May 6, 2024 / Aircraft Engine Lease Finance, Inc ("AELF") announced today it has completed a $40 million cred...

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