The Loan Processor processes loan files for IBMC’s Full Service and/or Alliance Departments in compliance with investor and secondary market guidelines.
Ensures compliance with governmental guidelines as outlined by internal Quality Control/Compliance and outside investors.
Processes and submits Conventional, FHA, VA, Rural Development and IFA loans to IBMC underwriting department, investors and other agencies as required.
Maintains and provides assistance to bankers and borrowers with questions through daily interaction via telephone calls and emails.
Stays update to date on changes in programs/product guidelines through education provided by IBMC and/or outside vendors.
Required Education: High school diploma or general education degree (GED)
Required Work Experience: 2+ years mortgage experience. Preferred at least 1 year processing of conventional, FHA, VA, IFA and RD loans and/or training; or equivalent combination of education and experience.
Technology Skills: Previous use of DU/DO/LP systems along with usage of origination or operating software, specific to the mortgage industry.
Required skills or traits: Exposure and understanding of credit reporting, title work, basic income analysis and various other areas of the mortgage process.
About Iowa Bankers Mortgage Corporation
In our 125-year history, the Iowa Bankers Association (IBA) has been dedicated to serving Iowa banks and their employees. As the voice of Iowa’s banking industry, the Association serves more than 95 percent of banks and savings institutions in the state. The IBA and our affiliate companies – Iowa Bankers Insurance and Services, Inc., Iowa Bankers Mortgage Corporation and IBA Securities – provide services that allow banks to better serve their communities and the state of Iowa. The Association contributes to the success of Iowa banks by providing legislative representation, education and training opportunities, regulatory compliance assistance and a host of other services. Member banks also benefit from the insurance, mortgage and securities brokerage services offered by the IBA’s affiliate companies.