Multifamily Underwriter Position

5 days ago


Carmel, Indiana, United States Merchants Bancorp Full time
Job Summary

We are seeking a highly skilled Multifamily Underwriter to join our team at Merchants Capital. As a key member of our underwriting team, you will be responsible for reviewing new applications, analyzing financial feasibility, and preparing applications for approval by our Loan Committee.

Key Responsibilities
  • Review new applications and monitor the receipt of all due diligence from borrowers
  • Analyze financial feasibility of new transactions, including construction, acquisition, and refinance loans
  • Prepare applications for approval by the Bank's Loan Committee
  • Ensure loan documentation meets bank and secondary market guidelines
  • Collaborate with underwriting, production, closing, insurance, and other stakeholders
  • Deliver comprehensive underwriting narratives to loan committee for credit decisions
Requirements
  • 5+ years of multifamily underwriting experience
  • Proven understanding of multifamily real estate lending process
  • Bachelor's degree in finance or related field from accredited institution
  • Excellent critical thinking, multitasking, and communication skills
  • Proficiency in Microsoft Excel, Word, and Outlook
About Merchants Capital

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways.



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