Multifamily Underwriting Intern - Summer 2027

Merchants Bank of Indiana•Carmel, IN

About The Position

This internship program encourages creativity and innovation, offering interns the opportunity to support their assigned team with a variety of projects and administrative work. Interns will engage in meaningful work that can be added to their resume. Top-performing interns may be considered for entry-level full-time positions. The program aims to help interns apply their coursework to real-world projects and implement solutions or recommendations. Interns will have both a manager and a mentor for guidance and will deliver a final presentation of their project results with business recommendations to leadership. Weekly HR Development Days focus on professional growth and industry learning, including mock interviews, resume review, LinkedIn training, DISC Assessment coursework, and "Company Insiders" training sessions.

Requirements

Completed at least sophomore year of college. Graduates are welcome to apply as well.
All degree programs will be considered.
High school diploma or GED from an accredited institution required.
Exhibit 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 (DD) for the loan file.
Communicate to the processor/borrower any outstanding DD issues in connection with preparing the approval narrative, forms & exhibits.
Work extensively with Microsoft Excel in financial models as it relates to the underwriting and flow of funds on transactions.
Collaborate with closing team to ensure DD 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/s results and make business recommendations to department, team members and Company leadership.