Merchants Bank Mortgage Lender Arlene Schwerzler Recognized in “Independent Banker” Magazine

Arlene Schwerzler, Mortgage Lender at Merchants Bank

Arlene Schwerzler, Mortgage Lender at Merchants Bank

Merchants Bank Mortgage Lender Arlene Schwerzler has been recognized in the July issue of “Independent Banker” magazine as an outstanding community banker.

The magazine, a publication of the Independent Community Bankers of America (ICBA), recognized six community bankers from around the country.

“It’s important to me to work with my customers from the beginning of the process to the end, so they understand the advantages of being smart borrowers. I take pride in educating my customers. I want them to understand why good credit is important and how mortgage pre-approval can benefit them, among other things,” Schwerzler said. “The recognition in the magazine is nice, but it’s really just a bonus for doing what I really like to do.”

Schwerzler is the top mortgage producer for the Merchants organization in total number of loans, with more than 1,025 in the past three years. Schwerzler has been with Merchants for more than 17 years and has consistently been a top producer.

“Arlene is so good at what she does because she understands and can communicate the technical side of a mortgage and also helps people through the emotional side of the process,” said Sue Hovell, Schwerzler’s supervisor and a Senior Vice President at Merchants. “The real testament to her commitment to helping her customers is that most of her business comes from referrals.”

Mortgage Lender Mary Illetschko Earns Promotion at Merchants Bank

Mary Illetschko, VP/Mortgage Loan Officer

Mary Illetschko, VP/Mortgage Loan Officer

Mary Illetschko has been promoted to Vice President/Mortgage Loan Officer at Merchants Bank in Lakeville because of her exceptional performance, according to Merchants Bank in Lakeville President Dan Vlasak.

“Mary has been a great contributor to the success of Merchants Bank and the Lakeville office,” Vlasak said. “She has been a consistently high producer, ranking in the top three in the organization in total volume for loans closed, and she also helps her mortgage customers become customers in other areas.”

Illetschko has been with the Merchants Bank organization for nearly four years and in the mortgage industry for 24 years.

“I enjoy helping people with their mortgages because you can assist them in making the best choices during an important time,” Illetschko said. “Whether it is the purchase of a first home, refinancing a current home or making the decision to build a new home, people deserve and appreciate good advice from someone who knows the mortgage industry.”

Illetschko said she has been fortunate to receive many referrals from her former clients, and over the past year she’s seen an increased demand for Merchants Bank’s construction loan product, where qualified applicants may be able to start for as little as a 5% down payment.

Construction and permanent financing are subject to separate credit approval. Terms and conditions may vary.

Meet Dawn Garms, Mortgage Lender at Merchants

Garms,DawnWhen did you start your banking career?

Dawn: I started as a mortgage Lender with Altra in 2001. I was there for twelve years and then came to Merchants in 2013.

What is your top tip for a first time home-buyer?

Dawn: Get pre-approved first. Pre-approval helps you determine the maximum amount you can spend to purchase a home. You can also go over what to expect for monthly payments, down payments and other mortgage options with a lender at that time. It really gives you a clear picture of what you can afford and how that fits into what you’re comfortable with for your personal monthly budget.

What’s one thing your mom or dad taught you about money?

Dawn: The best thing they taught me is the importance of knowing your finances. Know what you can handle so that you are comfortable in your monthly budget.

If you won the Powerball, what’s the first thing you would do?

Dawn: I would travel all over Europe for an extended period of time, and explore all of the different countries.

Besides money, what’s your favorite green thing?

Dawn: The green of fresh trees on a mountain hike.

What’s one lesson you learned when buying your own home?

Dawn: Use a lender that is knowledge so they can guide you through the process. Buying a home should not cause a headache…it should be a smooth, pain-free process.

Subject to credit approval. Contact Dawn today to get start the application process for mortgage pre-approval. To find current mortgage rates and apply online, visit our website.

Jason Monfre Joins Merchants Bank in Rochester as a Mortgage Lender

WelcomeJason

Jason Monfre has joined Merchants Bank as a mortgage lender, according to Merchants Bank in Rochester President John Doyle.

“Jason’s ability to connect with people and understanding of the mortgage industry will allow him to guide customers to a mortgage that is the right fit for their needs,” Doyle said. “He will be an asset to our organization because our customers will benefit from what he can offer to them.”

With more than 10 years of experience in the mortgage industry in Wisconsin, Nebraska and Minnesota, Monfre said he’s excited to help Rochester area residents with their mortgage needs.

“I couldn’t be happier to be in this position at Merchants Bank, where I can develop strong and lasting relationships and, at the same time, provide customers with a top of the line product that meets their housing and borrowing goals,” Monfre said.

Monfre has a long history of volunteering in the community, especially in mentoring young people in recovery from drug and alcohol addictions, and in coaching youth baseball. Monfre has bachelor’s degrees in both Psychology and Economics from the University of Minnesota. He played Division I baseball at Indiana University and the University of Minnesota.

Meet Mary Illetschko, Mortgage Lender at Merchants

Mortgage Banking Merchants BankWhen did you start your banking/lending career?

Mary: I started as a Part Time Teller at a bank while I was going to college and then moved into personal banking shortly afterwards. I started in the mortgage business in 1991 at Old Stone Credit. Eventually, I started my own company and became an independent mortgage broker. I worked for myself for 11 years and really enjoyed it…I kept my business small and work came to me through word of mouth referrals. When the market crashed in 2008, I ended up closing my business and going to work for a small community bank. I came to Merchants in 2011 and really enjoy being a part of this team!

What is your top tip for someone looking to build a home?

Mary: Do your homework and shop for the right builder. A lot of people just look at the price when choosing a builder, however, cheaper isn’t always better! Visit several model homes in your price range and make sure you are comfortable with the builder before signing a contract. You should also go into the process pre-approved for your construction financing so you know exactly what you can afford. Knowledge is power when you’re buying or building a home.

What’s one thing your mom or dad taught you about money?

Mary: My dad retired from a career in banking after 40+ years, therefore my parents are very conservative. They instilled in me the importance of saving for the future, but also having fun while living within your means.

If you won the Powerball, what’s the first thing you would do?

Mary: I would catch the next flight to St. John’s, rent a villa on the beach and then make a call to my financial planner and attorney.

Besides money, what’s your favorite green thing?

Mary: Green grass on a golf course! I enjoy golf not only for the sport, but for the beauty and incredible views that can be found on various courses. I play on a nine hole women’s league in Woodbury and try to play at least one 18 hole round on the weekend.

Picture your dream house. What’s your favorite room and why?

Mary: I would have a large great room. It would be equipped with a wet bar, pool table and a buck hunter game. In addition, I would have a large screen TV where I could enjoy Minnesota Viking and Wild games!

Contact Mary today to get start the application process for your home building or buying project. To find current mortgage rates and apply online, visit our website.

Loans are subject to credit approval.

Meet Ann Vanderloo, Mortgage Lender at Merchants

Ann Vanderloo, Mortgage Lender

Ann Vanderloo, Mortgage Lender

When did you start your lending career?

Ann: 25 years ago at a company called Old Stone Credit. From there, I moved to First Union and then to Anchor Bank. I’m proud to say I’ve been in community banking for 18 years and six of those years have been with Merchants.

What is your top tip for someone looking to build a home?

Ann: Do your homework and shop for a good builder, your local Builders Association or a home tour is a good place to start. You also want to make sure you familiarize yourself with the whole construction process…it’s much different from buying a house. It’s important to know before you get too far if building as house is for you.

What’s one thing your mom or dad taught you about money?

Ann: Save. Save. Save. My parents were very conservative people. They taught me to spend my money wisely and keep a log of where my money is going.

If you won the Powerball what’s the first thing you would do?

Ann: I would go see a financial planner and an attorney. After that, I would take vacation. I love to travel.

Besides money, what’s your favorite green thing?

Ann: Trees and plants. We actually inherited a very large garden with our current home. It’s mostly flowers, but I enjoy keeping it up.

Picture your dream house. What’s your favorite room and why?

Ann: Just big, big kitchen. We spend so much time in the kitchen and that seems to attract your audience when you have people over. But, I would also love a three season porch.

Contact Ann today to get start the application process for your home building or buying project. To find current mortgage rates and apply online, visit our website.

Subject to credit approval.

Meet Jeanne Struckman, Mortgage Lender at Merchants

Jeanne Struckmann, Mortgage Lender

Jeanne Struckmann, Mortgage Lender

When did you start your banking career?

Jeanne: I started as a Part Time Teller at Home Federal. From there I became a Full Time Teller, then a Personal Banker, then I helped with second mortgages and finally a Mortgage Lender. I had a great mentor that helped me along the way. This year, I’ll have been with Merchants as a Mortgage Lender for nine years.

What is your top tip for someone looking to build a home?

Jeanne: Get educated. Sit down and take the time to discuss options with your lender. Everyone’s situation is a different and it’s good to talk to an expert up front.

What’s one thing your mom or dad taught you about money?

Jeanne: You whine if you have it, you whine if you don’t.

If you won the Powerball, what’s the first thing you would do?

Jeanne: I would call a banker.

Besides money, what’s your favorite green thing?

Jeanne: My golf cart. I love riding around in it with my Yorkshire terrier, Ozzy. We bring the golf cart to our permanent camp site in Houston County.

Picture your dream house. What’s your favorite room and why?

Jeanne: A four season porch…even us extroverts need some down time. We’re actually in the process of putting one on ourselves right now. I’m looking forward to sitting out there with my dog, watching life go by.

Contact Jeanne today to get start the application process for your home building or buying project. To find current mortgage rates and apply online, visit our website.