AgFirst’s loan accounting and servicing solutions support a broad range of loan products, including term loans, revolving and non-revolving commitment loans, as well as home equity lines of credit, adjustable rate mortgages, and letters of credit. These solutions offer actual balance and scheduled balance accounting and handle loans with one or multiple payment schedules. AgFirst supports Funds Held (Voluntary Advance Conditional Payment Accounts), as well as traditional escrow functionality. Our systems also manage high risk accounting, where the financial record is independent of the contractual record.
AgFirst’s loan systems have been configured to meet the unique challenges of agricultural lending and support Farm Credit customized products. Our systems support both direct loans and participation/syndication assets, including Rural America Bonds, investment instruments, other property owned portfolios, and direct note processing. Our systems offer extensive reports to support portfolio analysis, board review and risk and regulatory reporting. AgFirst has configured our Advanced Commercial Banking System (ACBS) to support the automated purchase and sale of loan assets among AgFirst and affiliated Associations. This enables purchases, sales, and ongoing loan actions and servicing to be facilitated by the seller, allowing purchasers to monitor activity in ACBS rather than requiring them to process transactions in the system.