Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

IBMC Full Service Program

IBMC Full Service Program

IBMC’s Full Service Program provides your bank the opportunity to offer a variety of secondary market mortgage products by utilizing the expertise of the IBMC staff.  Your bank will benefit from the ability to offer competitive pricing for your customers and also higher fee income.

Under the Full Service Program the bank completes the mortgage loan application and registers the loan with IBMC.  Then, in conjunction with the IBMC staff, the processing, underwriting and closing functions are performed.  The loan will both close and fund in the name of Iowa Bankers Mortgage Corporation.  A bank staff member will conduct the loan closing at your office.

 

Compensation to the bank is allowed by complying with Section 8 of the Real Estate Settlement Procedures Act (RESPA).  This includes performing a minimum of five additional requirements after completing the loan application.  The bank is paid compensation of 1% of the loan amount upon completion of post-closing review.

 

Our experienced servicing staff will provide quality service to your customer after the loan is closed and funded.

 

IBMC is here to assist your bank by:  Helping You, Help Others®

 

For complete details on our Full Service Program, please contact:

 

Shana Light, Relationship Manager
NMLS #609251

Toll Free:  (800) 532-1423, ext. 4341

Direct: (515) 286-4341

Cell:  (515) 321-0034

Email:  slight@iowabankers.com

 

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The Iowa Bankers Association (IBA) is dedicated to serving Iowa banks and their employees.

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Iowa Bankers Insurance & Services (IBIS) offers Iowa banks a full line of insurance products.

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