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
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.