Multifamily Underwriting Intern: Real-World Lending

Bankmerchants; BLOOMINGTON, Northern (MN, KY); Hybrid; USD 21,000 - 30,000; Full time

Benefits offered by this job

Mentor program

HR Development Days

Real project experience

Job summary

Banking internship at Merchants Bancorp in Bloomington, MN offers hands-on underwriting experience for multifamily and healthcare loans. You will support assigned teams on real projects, develop financial models in Excel, and contribute to loan narratives and due diligence with mentorship.

Weekly HR Development Days and mock interviews help you grow professionally while you gain exposure to industry practices and cross-functional collaboration within the Merchants Capital network.

Qualifications

• Have completed at least your sophomore year of college.
• All degree programs will be considered.
• High school diploma or GED from an accredited institution required.
• Exhibit these core disciplines: Teamwork, Communication, Critical Thinking, Integrity, Self-Discipline, and Adaptability.

Responsibilities

• Underwrite components of multifamily and/or healthcare loans originated by Merchants Capital to Bank guidelines.
• Provide underwriting narrative input and all applicable forms & exhibits to Loan Committee in a timely manner.
• Analyze and review third party provided reports including Phase I Environmental, Appraisal, and Property Condition Reports.
• Review borrower provided organizational documents, financial statements, and Real Estate Owned schedules.
• Collaborate with underwriters and loan processor to confirm adequacy of due diligence for the loan file.
• Communicate to the processor/borrower any outstanding due diligence issues in connection with the approval narrative, forms & exhibits.
• Work extensively with Microsoft Excel in financial models as it relates to underwriting and flow of funds.
• Collaborate with closing team to ensure due diligence is obtained and verified.
• Review loan documents to ensure clear to close.
• Attend training on applicable subjects when available and appropriate for position.
• Deliver a final presentation of project results and business recommendations to department and leadership.

Skills

Teamwork

Communication

Critical Thinking

Integrity

Self-Discipline

Adaptability

Microsoft Excel

Education

Sophomore year completed

High School diploma or GED

Tools

Microsoft Excel

Job description

Banking internship at Merchants Bancorp in Bloomington, MN offers hands-on underwriting experience for multifamily and healthcare loans. You will support assigned teams on real projects, develop financial models in Excel, and contribute to loan narratives and due diligence with mentorship.

Weekly HR Development Days and mock interviews help you grow professionally while you gain exposure to industry practices and cross-functional collaboration within the Merchants Capital network.