Whether you are interested in applying for a new home loan or you are curious about the loan servicing company that has been assigned to service your mortgage, you may be interested in learning more about what Iowa Bankers Mortgage offers its customers. This is a popular residential mortgage company that has been serving its valued customers in Iowa since 1979. Over the years, the financial institution has grown, and it now offers residential mortgages to customers in seven states. It also is a servicer for the MPF program offered by the Federal Home Loan Bank. It has more than 240 branch locations in Iowa, and it employs hundreds of friendly employees to assist with all aspects of its banking operations.
The Loan Programs Offered By Iowa Bankers Mortgage
Iowa Bankers Mortgage offers exceptional loan terms to meet a wide range of needs in the local marketplace, but these loan programs are not offered directly to the public. Iowa Bankers Mortgage is an indirect lender that extends both purchase and refinance loans for residential housing. This includes owner-occupied and investor housing, and the loan amounts range from under $100,000 to over $400,000. Those who wish to know more about the loan programs offered by Iowa Bankers Mortgage can reach out to one of the correspondent brokers who are affiliated with this bank.
Applying for Your Home Loan
Iowa Bankers Mortgage does not make loans directly to the public, and instead, loan applicants must visit a secondary mortgage banker or broker in order to apply for a loan with this bank. Your correspondent for the bank will handle all aspects of your loan application. This includes registering the loan with the bank, locking the interest rate to secure great terms, gathering and submitting loan documents and more. Individual loan applicants typically will not correspond with the bank until after the loan closes and Iowa Bankers Mortgage begins servicing the loan.
When Your Loan is Serviced By Iowa Bankers Mortgage
Iowa Bankers Mortgage is an exceptional loan servicing company as well as a lender. Many of the loans that it services are actually closed by brokers in the name of Iowa Bankers Mortgage. If your loan is serviced by Iowa Bankers Mortgage, you can access account information and set up automated payments through the website. You can also verify account balances for your mortgage and your escrow account. You may also download account activity or tax forms as needed. Everything about the website is designed to be easy for you to access, but there are times when you may need personalized assistance. Iowa Bankers Mortgage has a great reputation for provide friendly customer service to its valued clients, and you can expect to receive prompt, courteous service each time you contact this financial institution.
Because of Iowa Bankers Mortgage’s unique relationship with correspondent lenders and brokers, it offers its direct mortgage customers a different loan application process. While the loan application process may be different, it offers the exceptional service you demand throughout the time your loan is serviced by the company.