Maximize your opportunities while minimizing risks. MPF Xtra Servicing Released is a solution that enables you to originate quality home loans and then sell the mortgages – along with all the associated risks – to the secondary market.
FHLB Des Moines has partnered with IBMC to help bring you the MPF Xtra solution.
- Attract and retain customers by offering home loan options;
- Earn additional income with a Servicing Released Premium;
- Transfer the interest-rate, prepayment and credit risk all to an established investor;
- Assign servicing responsibilities to an experienced servicer; and
- Access Desktop Underwriter (DU) while eliminating the DU setup fee.
ABOUT THE SERVICER
Iowa Bankers Mortgage Corporation (IBMC) is the mortgage banking subsidiary of the Iowa Bankers Association. IBMC has provided mortgage-related services to Iowa banks since 1979 and have amassed a servicing portfolio exceeding $6.4 billion in residential mortgages representing a total of 50,000 loans. IBMC management and staff possess superb expertise in the mortgage arena.