Merchants Capital · 16 hours ago
GSE Senior Underwriter
Carmel, IN
Full-time
Onsite
Mid, Senior Level
3+ years expMerchants Capital is a proven leader in financing for multifamily housing nationwide, and they are seeking a GSE Senior Underwriter. The role involves ensuring the timely and accurate underwriting of multifamily mortgage loan transactions, managing the underwriting process, and coordinating with various stakeholders to evaluate credit risks and prepare loan packages for approval.
Customer ServiceFinanceFinancial Services
Responsibilities
Underwrite multifamily Agency loans originated by Merchants Capital
Manage underwriting process for new loans from origination to closing
Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes made by respective Agencies and/or Merchants
Perform site inspections of underwritten assets
Manage third party vendors and evaluate third party reports including appraisal reports, engineering reports, environmental reports, zoning reports, flood certifications, preliminary title, etc
Coordinate and manage communication with internal Merchants staff including the Review Underwriter, originations and closings team; Agency; third party vendors, including but not limited to, the appraiser, engineer and environmental consultant; Merchants legal counsel; insurance consultant; borrower and any others that are pertinent to the success of the transaction
Evaluate Borrower financial statements, bank statements, credit reports, legal searches, real estate owned (REO) schedules, resumes, etc., and determine any potential credit risks
Together with other members of the team, generate a Due Diligence checklist along with monitoring receipt of and processing due diligence as it is received. Review files for completeness and identify critical missing information
Analyze historical operating statements, rent rolls, market characteristics, etc., and complete the underwriting loan submission template
Alert appropriate persons to potential deal issues as soon as they arise
Prepare the loan package for evaluation and approval by Merchants Credit Committee and Agency Lenders
Qualification
Required
Bachelor's degree in Finance, Economics, Real Estate or another related field required
Minimum three-years of multifamily loan underwriting experience required; knowledge of Fannie Mae and Freddie Mac loan products is preferred
Knowledge and understanding of Agency lending guidelines, including applying applicable credit parameters in order to minimize credit risk required
Exceptional analytical, problem solving, and organizational skills required
Requires critical thinking skills and multitasking
The ability to successfully work as a team in a fast-paced environment and demonstrate strong listening, negotiating, and leadership skills required
Effective written and oral communication skills required
An expert in Microsoft Word, Excel, PowerPoint and Adobe required
Preferred
Knowledge and understanding of Agency pricing standards in order to determine the all-in interest rate preferred
Knowledge and understanding of various organizational structures such as LLCs, LPs, Corporations, Trusts, etc. preferred
Company
Merchants Capital
Merchants Capital is a financial services company.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$59MKey Investors
Merchants BankTWG Development
2025-09-04Undisclosed· $9.5M
2025-09-04Debt Financing· $8M
2019-11-05Debt Financing· $25.5M
Leadership Team
B
Brian J. Sullivan
EVP, Chief Operating Officer
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