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Merchants Bank IN · 2 weeks ago

VP, Underwriter - Merchants Investment Partners

New York,NY,US

Full-time

Onsite

Mid, Senior Level

5+ years exp

Merchants Bank IN is a leading financial institution focused on multifamily housing financing. They are seeking a VP, Underwriter to manage the commercial real estate loan portfolio, collaborate with loan originators, and develop new investment products.

BankingFinanceFinancial Services

Responsibilities

Senior member of the MIP team responsible for investments and management of the CRE loan portfolio and pipeline

Work with loan originators to review, price, structure and help source loan opportunities that meet the credit and return requirements for MIP

Screen all incoming loans for sponsor and credit worthiness to determine if term sheets should be issued and full due diligence should commence

Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through full due diligence lifecycle

Maintain reports on loan pipeline

Work with MIP leadership to develop new investment products

Review and monitor existing portfolio alongside the internal asset management team

Assess loan amendment and modification requests

Collaborate with senior leadership to maximize performance attribution and vehicle returns

Qualification

CRE underwriting experienceAffordable Housing knowledgeBridgePermanent lendingAgencyHUD lendingEthical standardsDetail orientedOrganizational skillsProblem-solving skillsVerbal communicationWritten communicationWork ethic

Required

Bachelor's degree

5+ years of multifamily and/or healthcare commercial real estate (CRE) underwriting experience

Detail oriented with exceptional organizational and problem-solving skills

Strong verbal and written communication skills

Demonstrated work ethic and ethical standards

Preferred

Experience with Affordable Housing properties and loan structures a plus

Knowledge of the bridge and permanent lending space

Knowledge Agency and HUD lending a plus

Company

Merchants Bank IN

Ranked as one of the top-performing banks in the U.S.

Founded in 1990

Carmel, Indiana, USA

501-1000 employees

http://bankmerchants.com

Funding

Current Stage

Public Company

Total Funding

$403.11M

2024-11-18Post Ipo Equity· $230M

2024-05-13Post Ipo Equity· $98.04M

2021-05-14Post Ipo Equity· $46.18M

Leadership Team

Bill Fessel

Chief Operating Officer - Business Lending

Robert Burtner

Senior Vice President - Chief Credit Officer

Recent News

GlobeNewswire

Merchants Bancorp Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

2026-01-20

Star Tribune

St. Paul building housing W.A. Frost restaurant faces foreclosure

2026-01-09

Twin Cities

Downtown St. Paul: U.S. Bank Center auction delayed

2025-12-16

Company data provided by crunchbase