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Merchant Underwriter Jobs in Michigan (NOW HIRING)

FIRST MERCHANTS

Sr, Mortgage Loan Underwriter

Farmington Hills, MI · On-site

$114K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team! This position will analyze, evaluate and approve or decline loan files for credit worthiness and compliance with all ...

FIRST MERCHANTS

SBL Business Development Officer

Royal Oak, MI

$78K - $107K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Ability to spread loans, appropriate credit underwriting knowledge. * Strong communication skills, and client service orientation. First Merchants offers the following: * Base Pay PLUS Bonuses

First Merchant's Bank

Credit Analyst I

Royal Oak, MI · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchant's Bank

Credit Analyst I

Monroe, MI · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

FIRST MERCHANTS

Credit Analyst I

Monroe, MI

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

FIRST MERCHANTS

Credit Analyst I

Royal Oak, MI · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Monroe, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Monroe, MI

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

First Merchants Bank

Credit Analyst I

Royal Oak, MI · On-site

First Merchants Bank is seeking a Credit Analyst I to join our team! This position will perform credit analysis, underwriting and monitoring of the commercial loan portfolio. As part of this role you ...

FIRST MERCHANTS

Director, Debt Capital Markets

Royal Oak, MI

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Ability to Interface with Senior Executives at Partner Banks to articulate First Merchants expertise and capabilities in leading transactions. * Understand our Bank Partners underwriting and return ...

FIRST MERCHANTS

Director, Debt Capital Markets

Monroe, MI

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Ability to Interface with Senior Executives at Partner Banks to articulate First Merchants expertise and capabilities in leading transactions. * Understand our Bank Partners underwriting and return ...

FIRST MERCHANTS

First Lien Loan Originator

Lansing, MI

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

First Merchants Bank is seeking a First Lien Loan Originator to join our team! This position will ... Inform clients of the bank's underwriting guidelines and applicable government regulations.

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Showing results 1-20

All JobsMerchant Underwriter JobsMerchant Underwriter Jobs in Michigan

Merchant Underwriter information

See Michigan salary details

$28.3K

$68.8K

$121.6K

How much do merchant underwriter jobs pay per year?

As of Aug 16, 2026, the average yearly pay for merchant underwriter in Michigan is $68,750.00, according to ZipRecruiter salary data. Most workers in this role earn between $53,200.00 and $75,800.00 per year, depending on experience, location, and employer.

Is it hard to get a job in merchant underwriting?

Getting a job as a merchant underwriter can be competitive, but having relevant experience in credit analysis, financial assessment, and familiarity with underwriting software improves chances. Entry-level roles may require some industry knowledge or certifications, but many employers value analytical skills and attention to detail. Overall, the difficulty depends on the job market and individual qualifications.

What are some typical challenges faced by merchant underwriters, and how are they addressed?

Merchant Underwriters often face the challenge of balancing risk mitigation with the need to approve quality clients quickly. This requires careful analysis of financial documents, staying updated on fraud trends, and making swift yet accurate decisions under tight deadlines. Collaboration with sales, risk, and compliance teams is common to ensure each applicant is thoroughly evaluated. Training, ongoing professional development, and access to robust risk-assessment tools help underwriters address these challenges effectively.

Do merchant underwriters make a lot of money?

Merchant underwriters typically earn a median salary that is competitive within the financial industry, with salaries varying based on experience, location, and employer size. They often receive benefits such as health insurance and retirement plans, and higher earnings are possible with advanced certifications or specialized skills. Overall, the role offers a stable income but is not usually among the highest-paying jobs in finance.

What are the key skills and qualifications needed to thrive as a merchant underwriter?

To thrive as a Merchant Underwriter, you need strong analytical skills, a foundational understanding of credit risk and financial analysis, and typically a bachelor’s degree in finance, business, or a related field. Familiarity with underwriting platforms, credit reporting systems, and industry-specific software such as Salesforce or Sageworks is often required. Keen attention to detail, effective communication, and sound judgment are important soft skills that set candidates apart. These abilities are essential for accurately assessing merchant risk, making informed decisions, and maintaining strong client relationships in a fast-paced financial services environment.

What is a merchant underwriter?

A Merchant Underwriter is responsible for assessing the risk of businesses applying for merchant accounts to process credit card transactions. They analyze financial statements, credit history, business models, and industry risks to determine approval and pricing. Their role is crucial in preventing fraud and minimizing financial losses for payment processors and banks. Merchant Underwriters must balance risk assessment with business growth goals while ensuring compliance with industry regulations.

What are the most commonly searched types of Merchant Underwriter jobs in Michigan?

The most popular types of Merchant Underwriter jobs in Michigan are:

What are popular job titles related to Merchant Underwriter jobs in Michigan?

For Merchant Underwriter jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Merchant Underwriter jobs in Michigan look for?

The top searched job categories for Merchant Underwriter jobs in Michigan are:

Merchant Underwriter jobs near you
Infographic showing various Merchant Underwriter job openings in Michigan as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $68,750 per year, or $33.1 per hour.

Sr, Mortgage Loan Underwriter

FIRST MERCHANTS

Farmington Hills, MI • On-site

$114K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 7 days ago

First Merchants Bank rating

7.8

Company rating: 7.8 out of 10

Based on 22 frontline employees who took The Breakroom Quiz

88th of 171 rated banks

Job description

First Merchants Bank is seeking a Sr, Mortgage Loan Underwriter to join our team! This position will analyze, evaluate and approve or decline loan files for credit worthiness and compliance with all applicable guidelines and policies.

Essential Duties and Responsibilities: 

  • Review and validate the calculations submitted by the process.
    • Validate income used is calculated correctly.
    • Validate income used is acceptable.
    • Validate asset value calculations.
    • Validate assets are acceptable and properly documented.
  • Review and analyze the file set up for compliance with product requirements.
    • Validate Automate Underwriting System (AUS) findings match the file information and set up.
    • Validate the product is acceptable for investor selected.
  • Review files for denial while in processing.
  • Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices.
  • Collaborate with the processor prior to underwriting on loan files with difficult characteristics.
  • Correspond with the investor or agency to support/clarify guidelines and appropriate means of compliance.
  • Provide feedback and guidance to processors and other underwriters to ensure continual learning.
  • Completion of the HMDA related information on all files reviewed.
  • Assist with policy changes.
  • Train new underwriters.
  • Provide support to the sales team as part of the Scenario Desk.
  • Assist with audit responses.

To be successful in this position, we require the following: 

  • High school diploma or equivalent (GED).
  • A minimum of fifteen (15) years of experience underwriting conventional, VA, FHA and Indiana Housing loans.

First Merchants offers the following:

  • Base Pay PLUS Bonuses
  • Medical, Dental and Vision Insurance
  • 401k
  • Health Savings and Flexible Spending Accounts
  • Vacation/Sick Time
  • Paid Holidays
  • Paid Parental Leave
  • Tuition Reimbursement
  • Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!

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