Free Training

Part of our service promise to you as your correspondent mortgage partner is the availability of free training for your mortgage lending staff. Our regular training and networking opportunities allow our mortgage correspondents to learn from us and each other. 

Local Market Knowledge

With Merchants Bank locations in Minnesota and Wisconsin, we understand better than other providers the opportunities and challenges mortgage lenders face. Plus, our underwriters have a good working knowledge of rural area properties.

Strict No Solicitation Policy

We understand the value of your customer relationships, so we will not solicit your mortgage loan customers for any other banking services. Our commitment to helping you grow your business makes us different than other mortgage lending partners. 

Loan Programs

We offer a full array of mortgage loan options through our correspondent mortgage program:

  • Conventional loan programs
  • Fannie Mae
  • Freddie Mac
  • Veterans Administration (VA) home loans 
  • Rural Development loans
  • Manufactured home financing solutions

What Does Merchants Bank Offer?

We provide customizable services to meet your needs, including:

  • Delegated Underwriting
  • Non-Delegated Underwriting
  • Full Document Processing
  • Relationship Lending

Merchants Bank’s involvement in processing, underwriting and closing document preparation helps your bank offer a wide range of competitively priced mortgage loan products to fit your customer’s needs, with customizable service to meet yours. 

A Partner with Financial Strength

All of the service provided by the correspondent mortgage program for Merchants Bank comes with the backing of the financial strength of our parent company, Merchants Financial Group, Inc.:

  • Based in Winona, MN, since 1875
  • We are a more than $2.6 billion community bank.
  • Community banking presence with 23 offices in 19 communities in Minnesota and Wisconsin
  • We have a mortgage servicing portfolio over $2.6 billion and more than 20,000 mortgage loans.
  • We serve banks and credit unions in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota and Nebraska.

Contact Terri or Julie to learn more about our correspondent mortgage program.

Terri Evans Headshot

Terri Evans

Account Executive

Phone: (507) 457-1172
Email: Email Terri

Julie Pearson Headshot

Julie Pearson

Account Executive

Phone: (507) 494-0540
Email: Email Julie

What Our Partners Say...

I appreciate the dedication, professionalism, and the commitment to service that Merchants Bank offers to Pioneer Bank in our mortgage relationship. Customers have told us they are very well taken care and they’ve expressed their happiness with the service they receive from the servicing department at Merchants Bank. We look forward to our continued mortgage relationship with Merchants Bank in the future.

Jennifer Wiens

VP Mortgage Banker, Pioneer Bank

Our Merchants Bank correspondent mortgage partnership has given us the opportunity to succeed since the very beginning. The Merchants team ensures that our lenders and customers are top priority throughout the entire loan process. The communication, dedication, service and guidance they provide is always outstanding. We look forward to our continued success and partnership with Merchants Bank for years to come.

Jennifer LoRusso

Branch Manager/Mortgage Lender First Resource Bank

Our relationship with Merchants Bank goes back over 22 years. We have been together through many mortgage changes. We have always had a great experience with Merchants Bank. We especially like the full service program. They do an excellent job with that program and it allows the lender more time to reach out to new customers.

Deb Cash

Vice President, Farmers State Bank

Servicing Your Customers

We're here for you and your clients after the mortgage closes to answer questions about interest or principal, tax and escrow payments, and much more with local loan servicing.

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