Federal Agricultural Mortgage Corporation · NYSE:AGM
Federal Agricultural Mortgage — Getting Started in AgPower Webinar (May 2015)
29 slides from Federal Agricultural Mortgage's conference presentation, May 2015
Slide 1: Farmer Mac Refresh: Tracking the Tabs to Success - Getting Started in AgPower
FARMERMAC Financing hie _— . Farmer Mac Refresh: Tracking the Tabs to Success eco Getting Started in AgPower®
Slide 2: Today's Presenters
Today’s Presenters: Scott Steveson Senior Underwriter Johnston, lowa Office Scott_Steveson@farmermac.com 866-452-2617 Mary Maloney Director of Marketing Washington, DC Office Mary Maloney@farmermac.com 202-872-6682 FARMERVIAC
Slide 3: Tracking the Tabs to Success Series
Tracking the Tabs to Success Series Getting Started with AgPower Balance Sheet and Loan Summary * Farm & Ranch Loan Purchase Process * Accessing AgPower * Application Queue * Application Tab * Borrower Info Tab * Communication/Attachment Tab August 7** 2013 Balance Sheet & Balance Sheet Schedules Co
Slide 4: Getting Started in AgPower
my Getting Started in AgPower® “. Today’s Webinar will cover the following: * The Farm & Ranch Loan Purchase Process * Accessing AgPower * The Loan Application Queue * The Application Tab * The Borrower Info Tab * The Communication/ Attachment Tab FARMERVIAC
Slide 5: Farmer Mac Farm and Ranch Loan Purchase Program process
Lets review the process for the Farmer Mac Farm and Ranch Loan Purchase Program: • Understand Farmer Mac’s underwriting guidelines • Visit with customer to determine their basis needs, also gather financial information and pre-screen • Complete all applicable tabs in AgPower® • Submit the loan • Far
Slide 6: Accessing AgPower
Accessing AgPower
Slide 7: Accessing AgPower via the secure area of the website
AgPower, the rates, preferred appraiser list and your profile along with other items are located in the secure access area of the Farmer Mac website. To login to this area of the website you would go to www.farmermac.com and click login at the top right. 7
Slide 8: Logging in with user name and password
Once you click login at the top right of the screen you will be prompted for your user name and password. The user name is your email address and the password should have been created when your administrator added you as a user, or if you are the administrator this password would have been set durin
Slide 9: Opening the AgPower Loan Application Queue
To access AgPower you would click on the AgPower link. The Loan Application Queue will open in a new window. In the secure access area of the Farmer Mac website you can also access the Rates and the Preferred Appraiser list as well as edit your profile. 9
Slide 10: Loan Application Queue
Loan Application Queue 10
Slide 11: The AgPower Queue screen
Here you can see the AgPower Queue this will always be the first screen you see after successfully logging into AgPower. All of your active loans will be listed in the Queue. The three loans listed here will also be in your queue, as they are sample loans created by Farmer Mac for you to reference.
Slide 12: Documents window
If you click on Documents, a new window will appear. When Farmer Mac sends you a document regarding the loan, it will appear in this area. You can also print the financial documents from AgPower. The Rate Lock Procedures and & FAQ document will appear once the Instruction Letter is sent to the Centr
Slide 13: Application Tab
Application Tab 13
Slide 14: Accessing the loan application page
To access the loan, click on the borrowers name in the loan queue and you will be directed to the application page. 14
Slide 15: Top of the Application page
This is the top of the Application Page. Here you can see the Application Number, and the application status. The number of entities is entered here, keep in mind, a husband and wife are considered the same entity. Select the UW Type, keep in mind the UW Type chosen here will dictate how AgPower set
Slide 16: Loan proceeds box
The loan proceeds box will appear after you have completed all of the other field on the application tab and then click save, so don’t forget to come back and complete this area. The loan proceeds are added line by line and are saved via the save button on that line. You can also edit or delete exis
Slide 17: Selecting product, amortization and loan amount
Select the Farmer Mac product the borrowers would like. Also complete the payment frequency, amortization and loan amount requested. The loan amount requested should match the total loan amount in the loan proceeds. The maximum interest rate is not necessarily the rate the borrower’s will receive on
Slide 18: Security section of the application tab
Complete the information on the security section of the application tab. If the property has a lengthy legal description you can type “See Attached” and upload the legal description on the Communication/ Attachment Tab. 18
Slide 19: Application questions and bank/borrower agreement
Answer the questions at the top of the page. If you select YES to any of these questions a box will appear to allow you to explain the situation. The green box represents the bank/ borrower agreement. If you don’t have specific language for this area, call the Farmer Mac Marketing Department for lan
Slide 20: Borrower Info Tab
Borrower Info Tab 20
Slide 21: Borrower info tab
This is the borrower info tab. Here you can see the list of borrowers already entered. To add a new borrower click “Add” and the fields will clear. To edit an existing borrower, click on the borrower’s name from the list and their information will fill in the blanks below, then click edit. Entity 1
Slide 22: Communication/Attachment Tab
Communication/ Attachment Tab 22
Slide 23: Attaching documents in the Communication/Attachment tab
The Communication/ Attachment tab is used for attaching documents such as narratives, signed balance sheets, tax returns, credit reports, credit verifications, appraisals, title work etc. This tab is also used for the communication of messages between the sellers and Farmer Mac. Here you can see a l
Slide 24: Adding new documents
Below the list of documents is where you will add new documents. When adding a new document, keep in mind, all of the fields must be blank before you can add a document. If they are not, click on the next attachment button. 24
Slide 25: Communication Log between sellers and Farmer Mac
Communication between sellers and Farmer Mac occurs via the Communication Log. When messages are typed and submitted by either Sellers or Farmer Mac, AgPower will automatically send an email notification to the loan officer on the loan. The email will come from DoNotReply@farmermac.com and will noti
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Slide 27: Reminder of the upcoming webinars
Reminder of the upcoming webinars. 27
Slide 28: Video Tip resources within AgPower
For more detailed information on the topics covered in today’s webinar look for the Video Tip icon within AgPower. As of Monday there are detailed videos on the Queue, Application Tab and the Borrower Info Tab. 28
Slide 29: Contact the presenters
If you have any additional questions please feel free to contact the presenters. 29