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 and Document Processing 

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

  • Conventional loans
  • Fannie Mae
  • Freddie Mac
  • Veterans Administration (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. 

A Partner with Financial Strength

Be confident when choosing us as your correspondent bank. 

Merchants Bank:

  • We are a more than $2.8 billion community bank.
  • 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...

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

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.

Select a location

Minnesota

Wisconsin