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At Iowa Bankers Mortgage Corporation, we strive to offer mortgage lending options that meet and exceed the needs of your borrower. In doing so, you are able to offer a multitude of products while maintaining competitiveness, maximizing income and controlling compliance risk. These benefits are available within the three lending channels of IBMC. Let’s take a closer look at each channel below.
CORE
Offers access to secondary market financing with competitive conventional products and rates. With IBMC as your investor, we provide interest rate protection to your bank while your staff is conducting the loan processing and closing functions. The underwriting function is performed in our office by our knowledgeable staff. Learn more.
Heritage
Provides a variety of mortgage products along with down payment assistance options, while also utilizing the expertise of the IBMC staff for processing and underwriting. Under this channel, the bank completes the mortgage loan application and registers the loan with IBMC. Then, we handle the processing and underwriting while you maintain the relationship with your borrower. Learn more.
Alliance
Alliance is a hybrid option that combines the benefits of the Core and Heritage channels. This option gives banks the value of pricing control over the loan with the convenience of outsourcing the processing to IBMC. IBMC essentially becomes the bank’s back office. Learn more.
IBMC Bridge
In addition to our three lending channels, we also offer a mobile app called IBMC Bridge. It is made available through SimpleNexus and can be used on all real estate loan transactions offered by your bank. Additionally, it provides tools to simplify the mortgage experience and keeps lenders and borrowers connected during the mortgage process through push notifications and chat options.
Learn More
Contact Shana Light or Megan Severson with specific questions about our lending channels or IBMC Bridge. And if you’re attending the Iowa Bankers Association Regional Golf Outings this month, look for them on the golf course to discuss how IBMC can further meet the needs of your mortgage business.
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