DE Mortgage Loan Underwriter (Single-Family)

Description

Our DE Mortgage Loan Underwriter position is responsible for ensuring the timely and accurate underwriting of single-family mortgage loan transactions in accordance with Jumbo, Agency, and Bank guidelines. Responsibilities include but are not limited to reviewing customer data, making sound credit decisions, and ensuring they are documented to secondary market guidelines where applicable, as well as assisting loan officers and processors with alternative loan options when needed.

During your first year as a DE Mortgage Loan Underwriter, you can expect to do the following…

• Review loans to ensure they meet the investor, agency, and regulatory requirements.
• Utilize the LOS system for the underwriting and decision-making of all loans. Ensure information is complete, timely, and accurate.
• Ensure all credit decisions are documented and input in accordance with industry and Bank guidelines.
• Prepare for and support any outside loan reviews performed by or for the Bank
• Responsible for working within regulatory guidelines and bank policies that are applicable to the areas this position supports. Ensure privacy and security of files.
• Due to the nature of the mortgage business, the position will require additional hours to meet the department's needs.
• Attend training on applicable subjects when available and appropriate for the position.
• Complete required bank training on a timely basis

Requirements

What we are looking for…

• Minimum of 5 years experience underwriting VA, Conventional, and Jumbo loans
• DE Chums Number is in good standing with FHA and SAR Number is in good standing with VA.
• Excellent customer service skills in person and on the phone.
• Knowledge of Microsoft Word, Excel, and Outlook

ABOUT MERCHANTS

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.

Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016–2022). For more information read the entire article here.