AgPower is Farmer Mac’s proprietary online loan origination system built exclusively for lenders who partner with Farmer Mac. This user-friendly underwriting tool guides lenders through the process for providing all necessary data for underwriting and credit approval.
Access Your Loans at Anytime from Anywhere
- Secure access to AgPower 24/7 from any smartphone, tablet, or computer enables users to share loan details with customers from the convenience of their kitchen table.
- Simultaneous viewing capability, whether between Farmer Mac Underwriters and Loan Officers, or between users within the same bank, allows for quick responses to questions and convenient status updates.
Save Time & Increase Efficiency
- With an average loan turnaround of less than two days, AgPower’s streamlined process gives users a competitive edge in the market.
- Real-time electronic notifications let users know the instant a loan is approved.
- Once uploaded into AgPower, documents are immediately accessible by Farmer Mac Underwriters to begin processing.
- Users can communicate directly with Farmer Mac Underwriters through AgPower and easily access archives of all conversations, as well as data uploads for future reference.
Innovative Software Does the Laborious Work for You
- No more spreadsheets! AgPower can consolidate up to 15 entities automatically.
- Qualifying Ratios are calculated by AgPower to provide ready feedback on loan qualification.
- Borrower information and supporting loan documents are stored online and easily migrated to future loan submissions. No need to input data twice!
Comparative Peer Analysis at Your Fingertips
- AgPower is the only loan software available that offers embedded peer analysis. Users can show their borrowers how they compare financially to other operations of similar size and commodity type.
- This value-added service enables users to identify and recommend opportunities for improving their customers’ operation’s liquidity, profitability and repayment capacity.