Multifamily Underwriting Intern - Summer 2027

About the role

This internship encourages creativity and innovation. Interns support their assigned team with a variety of projects and administrative work, performing substantive work that can be added to a resume. This program serves as a pipeline for many entry-level full-time positions for top-performing interns.

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
• Apply coursework to projects and implement solutions or recommendations
• Have both a manager and mentor to guide you through the program and day-to-day work
• Deliver a final presentation of project results and make business recommendations to department, team members, and Company leadership

Requirements

• Have completed at least your sophomore year of college (graduates welcome to apply)
• 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

Skills

• Underwriting analysis
• Financial modeling with Microsoft Excel
• Document review and analysis
• Third-party report evaluation (Phase I Environmental, Appraisal, Property Condition Reports)
• Due diligence coordination
• Collaboration with underwriting, processing, and closing teams
• Communication of outstanding issues