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Manager Merchant Underwriting Jobs (NOW HIRING)

Merchants Bancorp

Underwriter - GSE

Washington, DC · On-site

$135K - $155K/yr

... Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes ...

Merchants Bancorp

Underwriter - GSE

Manhattan, NY · On-site

$145K - $170K/yr

... Merchants Capital. * Manage underwriting process for new loans from origination to closing. * Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes ...

Merchants Bancorp

Underwriter - Multifamily

Carmel, IN · On-site

... Asset Management. * Assist Underwriting Analysts, Senior Underwriters, and Deputy Chief ... Our Benefits Merchants offers a comprehensive package of benefits for eligible employees, including ...

Payarc LLC

Underwriter

Greenwich, CT · On-site

$70K/yr

... manage the risk structure imposed on accounts * Independently make credit risk decisions for approval, credit holds or declines of merchant applications * Communicate underwriting approval and ...

Payarc LLC

Underwriter

Greenwich, CT · On-site

... manage the risk structure imposed on accounts * Independently make credit risk decisions for approval, credit holds or declines of merchant applications * Communicate underwriting approval and ...

Octane

Credit Specialist - Underwriter

Irving, TX · On-site

Octane supports merchants throughout the sales cycle: connecting dealerships with high-intent ... At least 1-2 years of experience in Loan Underwriting or Loan Processing, combined with previous ...

Octane

Credit Specialist - Underwriter

Irving, TX · On-site

Octane supports merchants throughout the sales cycle: connecting dealerships with high-intent ... At least 1-2 years of experience in Loan Underwriting or Loan Processing, combined with previous ...

Merchants Bancorp

VP, Underwriter

Manhattan, NY · On-site

$150K - $200K/yr

Work with Merchants Capital and Merchants Bank underwriting, legal and closing teams to manage loans through the full due diligence lifecycle * Author short and long form investment memos ...

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Manager Merchant Underwriting information

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$48K

$103.1K

$158.5K

How much do manager merchant underwriting jobs pay per year?

As of Jun 9, 2026, the average yearly pay for manager merchant underwriting in the United States is $103,082.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,000.00 and $121,000.00 per year, depending on experience, location, and employer.

What is the difference between Manager Merchant Underwriting vs Merchant Underwriter?

AspectManager Merchant UnderwritingMerchant Underwriter
CredentialsTypically requires a bachelor’s degree in finance, business, or related field; often has managerial certificationsUsually requires a bachelor’s degree; certifications like CPCU or RPLU are common but not mandatory
Work EnvironmentLeads teams, oversees underwriting processes, and develops policiesPerforms individual underwriting assessments and risk analysis
Industry UsageUsed in insurance and financial services to manage underwriting teamsCommonly used in insurance companies for risk evaluation

While both roles involve underwriting, the Manager Merchant Underwriting oversees teams and strategic processes, whereas the Merchant Underwriter focuses on individual risk assessment. The manager role emphasizes leadership and policy development, while the underwriter concentrates on detailed risk analysis.

How does a Manager Merchant Underwriting collaborate with risk and compliance teams to ensure the integrity of merchant accounts?

A Manager Merchant Underwriting works closely with risk and compliance teams to evaluate merchant applications, monitor ongoing accounts, and address any potential red flags. They coordinate regular reviews, share insights on emerging fraud trends, and ensure that all underwriting decisions align with regulatory requirements and company policies. This collaboration is essential for creating a robust risk management framework, reducing exposure to fraudulent activity, and maintaining a healthy merchant portfolio.

What are the key skills and qualifications needed to thrive as a Manager Merchant Underwriting, and why are they important?

To thrive as a Manager Merchant Underwriting, you need expertise in financial analysis, risk assessment, and credit policies, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting platforms, credit scoring tools, and industry compliance systems is critical. Strong leadership, decision-making, and communication skills help in guiding teams and collaborating with stakeholders. These skills ensure accurate risk evaluation, regulatory compliance, and effective management of underwriting operations.

What does a Manager of Merchant Underwriting do?

A Manager of Merchant Underwriting oversees the evaluation and approval process for businesses applying to accept credit and debit card payments. They lead a team that assesses risk, reviews financial documents, and ensures each merchant complies with industry standards and regulations. This role involves developing underwriting policies, monitoring for fraud, and working closely with sales and compliance departments to minimize financial risk for the payment provider. Additionally, the manager is responsible for training staff and updating procedures based on changing market and regulatory conditions.
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Manager Merchant Underwriting jobs near you
Underwriter - GSE

Underwriter - GSE

Merchants Bancorp

Washington, DC • On-site

$135K - $155K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 3 days ago

Job description

Job Type
Full-time
Description
The position is responsible for ensuring the timely and accurate underwriting of multifamily mortgage loan transactions in accordance with 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 gathering of loan documents.
Under moderate supervision, work closely with the Review Underwriter underwriting new loan originations for Fannie Mae/Freddie Mac. Perform evaluation of proposed Agency loans for credit risk; obtain deal approvals from Merchants credit committee and respective Agency.
Requirements
  • Underwrite multifamily Agency loans originated by Merchants Capital.
  • Manage underwriting process for new loans from origination to closing.
  • Adhere to Agency loan requirements, reviewing updates on an ongoing basis, to stay current on changes made by respective Agencies and/or Merchants.
  • Perform site inspections of underwritten assets.
  • Manage third party vendors and evaluate third party reports including appraisal reports, engineering reports, environmental reports, zoning reports, flood certifications, preliminary title, etc.
  • Coordinate and manage communication with internal Merchants staff including the Review Underwriter, originations and closings team; Agency; third party vendors, including but not limited to, the appraiser, engineer and environmental consultant; Merchants legal counsel; insurance consultant; borrower and any others that are pertinent to the success of the transaction.
  • Evaluate Borrower financial statements, bank statements, credit reports, legal searches, real estate owned (REO) schedules, resumes, etc., and determine any potential credit risks.
  • Together with other members of the team, generate a Due Diligence checklist along with monitoring receipt of and processing due diligence as it is received. Review files for completeness and identify critical missing information.
  • Analyze historical operating statements, rent rolls, market characteristics, etc., and complete the underwriting loan submission template.
  • Alert appropriate persons to potential deal issues as soon as they arise.
  • Prepare the loan package for evaluation and approval by Merchants Credit Committee and Agency Lenders.
  • Collaborate closely with the Underwriting Team Lead, origination, and closing teams to align on underwriting approach, open issues, and next steps throughout the transaction lifecycle.
  • Maintain clear, accurate, and up-to-date documentation of underwriting analysis, assumptions, and deal status to ensure transparency, continuity, and alignment across a distributed team environment.
  • Follow established review and escalation protocols, including aligning with the Underwriting Team Lead before advancing workstreams or communicating material credit positions.
  • Communicate underwriting conclusions, deal status, and approvals clearly and consistently with internal teams and external partners.
  • Perform other related duties as assigned.

Expected Experience, Skills and Education
  • Bachelor's degree in Finance, Economics, Real Estate or another related field required.
  • Minimum three-years of multifamily loan underwriting experience required; knowledge of Fannie Mae and Freddie Mac loan products is preferred.
  • Knowledge and understanding of Agency lending guidelines, including applying applicable credit parameters in order to minimize credit risk required.
  • Knowledge and understanding of Agency pricing standards in order to determine the all-in interest rate preferred.
  • Knowledge and understanding of various organizational structures such as LLCs, LPs, Corporations, Trusts, etc. preferred.
  • Exceptional analytical, problem solving, and organizational skills required.
  • Requires critical thinking skills and multitasking
  • The ability to successfully work as a team in a fast-paced environment and demonstrate strong listening, negotiating, and leadership skills required.
  • Effective written and oral communication skills required.
  • An expertise in Microsoft Word, Excel, PowerPoint and Adobe required.

Pay Range:
The total compensation pay range for new hires in Washington D.C. is $135,000 - $155,000 annually. This range includes a base pay, plus an annual discretionary bonus. The amount of any actual bonus may vary and is subject to individual and company performance. Please note that the pay range provided is a good faith estimate of total compensation for the position at the time of posting. Actual total compensation will be dependent on factors, including but not limited to, the individual's qualifications, experience, knowledge, skills, and abilities.
Our Benefits:
Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank's balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender , Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com .

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