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We are delighted to announce the approval of two new endorsements that, we believe, will be high priorities for Alliance members' consideration.
John M. Floyd & Associates (JMFA)
An invaluable addition to your bank’s line of products and services…
Without fee increases or major operational costs, this program boosts accountholder satisfaction, raises market share and will substantially increase your company’s fee income – by as much as 50 – 300 percent.
For your customers: Overdraft privilege can help accountholders who overdraw their transaction accounts. Overdraft privilege is subject to preset dollar limits and certain other conditions. Your financial institution continues to collect the customary fee for each overdraft item, while saving your accountholders from the credit and debit bureau problems, merchant fees, and potential embarrassment associated with returned checks and ACH items.
For your bank: Overdraft privilege offers feature flexibility together with bank office control. Overdraft dollar limits are preset and can range from two to four levels. Overdraft privilege offers your customers overdraft coverage without a binding obligation between the bank and the accountholder. Your organization retains all rights and privileges to pay or return checks.
JMFA Contact: Jared Cahill, National Director of Alliances
Phone: 281-424-3800
E-mail: jared.cahill@jmfa.com
Website: www.jmfa.com
Mortgage Origination Made Easy
TIB-The Independent BankersBank operates the largest secondary mortgage market lending operation of any bankers’ bank in the country. Based in Irving, TX, TIB’s mortgage company serves lending partners that are domiciled in 9 different states and have helped build a geographically diverse mortgage-servicing portfolio of more than 12 thousand mortgages in 33 states and the Virgin Islands. In 2003, TIB’s portfolio included 4986 mortgages for a total of $560 million dollars.
TIB offers a wide variety of secondary mortgage market and portfolio loan products. All mortgage programs are competitively priced, the most popular of which include fixed rate, adjustable rate, interest only, balloon terms, bi-weekly payment options, construction take-outs and several mortgage options that provide 100% financing.
TIB regularly originates loans where the mortgage property is located in rural markets requiring a greater understanding of the nuances associated with those property features.
TIB Mortgage Contact: David Linaburg, Senior Vice President
Phone: 972-650-6540
E-mail: dlinaburg@tibsite.com
Website: http://www.tibsite.com/tibsite/content/products-services/retailproducts_TIBmortgage.jsp
As always, feel free to contact CBAO Services for all your product and service needs at 800/749-4228.
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