We’ve been helping correspondent mortgage banking partners since 1992. Through our correspondent mortgage solutions, Merchants Bank can provide personalized training, direct contact with our underwriting team, different levels of processing, and mortgage loan servicing to help with your correspondent mortgage lending needs. 

Choosing Merchants Bank for Correspondent Mortgage Makes Sense

We believe in hands-on customer service, and we know that talking one-on-one to a correspondent lending specialist is the best way to get your questions answered. That’s why we’re here for you at our help desk during business hours.

Free Training

Part of our service promise to you as our 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 are skilled at finding comparisons in difficult-to-compare rural areas and neighborhoods.

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 and Document Processing

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

  • Conventional loans
  • Fannie Mae
  • Freddie Mac
  • VA home loans 
  • Rural Development loans
  • Manufactured home loan solutions

What is Full Document Processing with Merchants Bank?

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. 

What Our Partners Say... 

Tessa Formanek, United Community Bank

“We appreciate Merchants Bank. They respond to our needs promptly, are professional and solve problems with a common-sense approach. From initial application to end-loan support for our customers they are a great partner!””

– Tessa Formanek, Senior Mortgage Lending Officer
United Community Bank

Correspondent Mortgage testimonial, Deb Cash

“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. Learn more about local loan servicing.

A Partner with Financial Strength

Be confident when choosing us as your correspondent bank. 

Merchants Bank:

  • Is a more than $2.5 billion community bank
  • Has a mortgage servicing portfolio over $2.6 billion and more than 20,000 mortgage loans
  • Has more than 45 charters with 104 locations as correspondent mortgage partners

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