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 Escrow Administration

Escrow Administration:IBMC Escrow Administration

Escrow Administration

  • Insurance premiums related to property hazard insurance are generally paid out of escrow by IBMC 10 to 15 days prior to renewal date of policy

  • IBMC is responsible for obtaining tax statements and payment of real estate taxes from the escrow account.  First American Tax Service is utilized in the fulfillment of this task.

  • IBMC performs an initial escrow analysis on all loans it services.  Subsequent analyses are performed annually in October to ensure proper levels of funds are held in escrow.

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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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