Multifamily Underwriting Intern - Real-World Loan Analysis

Bankmerchants; Carmel, Northern (IN, KY); Hybrid; USD 22,000 - 30,000; Part time

Job summary

Merchants Bancorp in Carmel, Indiana, offers an Underwriting Intern program that supports multifamily and healthcare loan origination, analysis, and closing activities. You’ll work with experienced underwriters and processors, using Excel for financial modeling and due diligence, while preparing documentation for Loan Committee.

The program emphasizes practical learning, with mentorship and a final presentation of project results to leadership.

Qualifications

• Have completed at least your sophomore year of college; graduates welcome.
• 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/healthcare loans to Bank guidelines.
• Provide underwriting narrative input and exhibits to Loan Committee.
• Analyze third party reports including Phase I Environmental, Appraisal, and Property Condition Reports.
• Review borrower documents, financial statements, and Real Estate Owned schedules.
• Collaborate with underwriters and loan processor to confirm due-diligence adequacy.
• Communicate outstanding due-diligence issues to processor/borrower for the approval narrative.
• Work with Excel in financial models related to underwriting and funds flow.
• 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 for the position.
• Apply coursework to projects and implement solutions or recommendations.
• Have a manager and mentor to guide day-to-day work.
• Deliver a final presentation of project results and business recommendations.

Skills

Teamwork

Communication

Critical Thinking

Integrity

Self-Discipline

Adaptability

Education

Sophomore year completed

High school diploma or GED

Any degree program

Tools

Microsoft Excel

Job description

Merchants Bancorp in Carmel, Indiana, offers an Underwriting Intern program that supports multifamily and healthcare loan origination, analysis, and closing activities. You’ll work with experienced underwriters and processors, using Excel for financial modeling and due diligence, while preparing documentation for Loan Committee.

The program emphasizes practical learning, with mentorship and a final presentation of project results to leadership.