Why FHLB Des Moines?
Federal Home Loan Bank of Des Moines is a cooperative owned by you – our members. Our mission is to help local financial institutions, like yours, fulfill the dreams of aspiring homeowners.
We provide the funds that drive mortgage lending, economic development and affordable housing in the communities we serve. Results aren’t measured in our profits – it’s measured in the new possibilities we can create together, from the funding for a family’s first home to the restoration of a town treasure.
When you work with FHLB Des Moines, you have the opportunity to participate in vital community-building programs, including the Mortgage Partnership Finance® Program. With the MPF® Program, you can access the secondary market for selling your home loans and managing your risk profile.
FHLB Des Moines serves nearly 1,350 members across 13 states and several U.S. territories. We understand the unique and diverse needs of the local lenders that serve as the cornerstone of our communities. FHLB Des Moines is a part of the Federal Home Loan Bank System, a stable source of funding for FDIC institutions of all sizes and types. The FHLBank System was created to facilitate home ownership, which in turn empowers families, encourages growth and enhances quality of life for us all.
Why the FHLB Des Moines Mortgage Product Group (MPG)?
Relationships are the key to building and maintaining a strong member customer base, and so is risk mitigation. The FHLB Des Moines Mortgage Product Group (MPG) has two key teams supporting our members during the loan process while keeping business running smoothly.
MPG Sales Force
This team is comprised of Mortgage Relationship Managers who are responsible for marketing, prospecting, and onboarding new members. The Bank’s Mortgage Relationship Manager's are assigned to territories within our district. Relationship Specialists and Training and Support Managers work closely with the MPF Provider to support onboarding, compile legal documents, and set up accounts within the system.
MPG Operations Team
As a complementary counterpart to the MPG Sales Force, the MPG Operations team manages and mitigates key mortgage business risks within the Bank including serving as the First Line of Defense (FLOD) for the sales force. The MPG Operations team is comprised of the following roles: Reporting and Analytics, Mortgage and Compliance Analysis, Mortgage Analysts and Associates which provides the day to day functions of reporting analysis, oversite of default management, and servicing management along with customer support to Participating Financial Institutions.