Bankers' Bank Mortgage
Creating a comprehensive mortgage department within your bank requires just the right formula of volume, manpower and resources. By focusing your staff’s energy on originating loans and leaving the backend functions to Bankers’ Bank Mortgage, banks can offer customers competitive mortgage rates and products without costly overhead.
First Mortgage Products to Fit Every Borrower
Your customers can access a variety of mortgage products with market-competitive rates including:
- Conventional Fixed Rate Loans (10, 15, 20, 30 year)
- Home Ready and Rural Development (RD) Loans
- Adjustable Rate Mortgage (ARM) Loans
- Jumbo Loans
Customized Services
Regardless of your staff size and expertise, Bankers’ Bank Mortgage is fully scalable to meet the needs. Banks can choose comprehensive or à la carte mortgage services.
Processing – The Bankers’ Bank Mortgage processing staff assists with information gathering to help get each loan file from pre-approval to closing. The processing staff ensures proper loan documentation is gathered and entered completely. BBOK partners with your origination staff to verify loan documents and prepare for underwriting and closing.
Closing – Our closers assemble, prepare and review critical closing documents so your mortgage loans get through closings efficiently and without delay.
Underwriting – Data validation, quality credit analysis and consistent loan closings are imperative in today’s competitive mortgage market. Missing information or additional paperwork requirements can create delays in the loan process. Bankers’ Bank Mortgage initiates timely requests to your bank to acquire information regarding gaps in employment, employment verification, late payments, etc.
Servicing – Through our partnership with Bankers’ Bank, Wisconsin, loans are serviced by friendly, knowledgeable staff who have the borrower’s best interest at hand. Customers can make payments directly at your bank. You have access to all loan activity. Our mortgage loan servicing department functions as your institution’s mortgage administrative and compliance, taking care of escrows and payment information, collections, foreclosures and default reporting.
Led by An Experienced Mortgage Banker
Wendy Wayman-Weir has years of experience in all areas of mortgage lending. She can demonstrate all the ways BBOK can help your bank grow your mortgage business.
Frequently Asked Questions
What secondary market mortgage service level is right for me?
Bronze Level ServiceWith our bronze level service, you can leverage your existing staff to offer highly competitive interest rates while selling to an investor you can trust to take care of your borrowers’ needs after the loan closes.Gold Level ServiceWith our gold level service, we’ll work with you from start to finish to provide an enjoyable mortgage experience to both your lenders and borrowers. Our processing and closing staff will assist with disclosure preparation, processing, document review, full underwriting and closing document drafting.
Does your mortgage program work for banks new to the secondary market?
Yes! Our Gold Level Service is made specifically for new lenders. Our processing staff will help you stay compliant while giving your customers a competitive rate.
What if we do not need processing assistance?
If you have experienced team members who are familiar with secondary market requirements, our Bronze Level Service is for you. We’ll take care of the underwriting services while you handle the processing. And we’ll make sure your customers get the competitive rates they’re looking for.
Why should I add another investor?
Adding another investor makes the process easier. As a secondary investor, we’ll help fill out your offerings with government loans, investment properties and high loan-to-value transactions.
What additional loans can I offer my customers?
We offer a variety of loans including USDA Rural Development and jumbo loans.