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 Correspondent Program

Correspondent Program:IBMC Correspondent Program

IBMC’s Correspondent Program allows your bank to partner with IBMC for secondary market financing.  We have a history of providing the banks in Iowa a variety of secondary market mortgage products and competitive pricing for your customers.

With IBMC as your investor, we are able to offer interest rate protection to your bank while your staff is conducting the loan processing and closing functions.  The underwriting function is performed here in our office by our knowledgeable staff.  After the loan is closed and funded in the name of the bank, the loan file is submitted to IBMC for purchase.

 

Your bank will decide the pricing of the loan and the fee structure to be charged to the customer.  The loan will be purchased based on the interest rate and price that was determined by your bank at the time the loan was locked with IBMC.

 

Our experienced servicing staff will provide quality service for your customer after the loan is purchased from your bank.

 

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

 

For complete details on our Correspondent 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

 

promo 3

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

learn more
promo 2

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

learn more