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In almost any business, it’s important to offer customers flexibility. That is especially true in the mortgage industry. Fortunately, Iowa Bankers Mortgage Corporation has a lending channel that provides the flexibility your customers need.
IBMC’s Alliance lending channel provides users with the ability to offer several different types of loans, including:
- Conventional conforming loans.
- USDA Rural Development loans.
- VA home loans.
With both conventional conforming loans and government loans, IBMC retains the servicing and offers institutions a “safe servicer” that won’t solicit customers for other banking products. IBMC also offers personalized response and feedback to any servicing situation and will direct borrowers back to you if and when they ask to talk about a new loan.
Lenders who use Alliance also gain an additional advantage by being able to maintain pricing control over the loan while processing is outsourced to IBMC. IBMC takes care of all the work behind the scenes while the lender maintains its relationship with the borrower. Other benefits lenders receive through Alliance include:
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Reduced compliance risk: IBMC will ensure that documents are in compliance with the latest regulatory guidelines. Lenders also have access to IBMC’s compliance experts.
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Reduced expenses: By outsourcing processing to IBMC, lenders eliminate the need to hire a full-time processor or attorney.
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Reduced cost burden of loan origination systems: Lenders have the flexibility to control the cost or need for a loan origination system.
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Autonomy: Through Alliance, lenders can set their own fees and rates to meet their own service release premium targets. Combined with reduced overhead, that creates the potential for higher revenue.
Learn More
Contact Shana Light, Megan Severson or Kristin Smith with specific questions about Alliance or to start the setup process.
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