Underwriting
Loans submitted to Farmer Mac are submitted using what loan origination system.
What is AgPower?
The term VRM stands for what loan type.
What is Variable Rate Mortgage?
The first model year of the Chevy Corvette.
What is 1953?
On a fully underwritten loan, what financial information is typically required to be submitted and reviewed for approval.
What is 1) Financial Statements (Current and Historical) 2) Tax Returns 3) Cash Flow Projections 4) Asset and Debt Verifications
In case of fire, ZAF business continuity plan calls for all staff to meet at this near rallying point.
What is the ZAF parking lot?
Two primary documents received from Farmer Mac that details the terms and conditions of the loan approval.
What is the PLA (Preliminary Loan Approval) and Instruction Letter?
An AgEquity Revolving Line of Credit offers what terms and amortizations.
What is 10 year draw - 20 year amortization or 5 year draw - 25 year amortization both with a 30 year term?
The song "Fun Fun Fun" by the Beach Boys featured this classic car.
What is the Thunderbird or T Bird would be acceptable?
New ZAF loans are generated by what three types of originators.
What is 1) Correspondent 2) BDO 3 Seller
ZAF loans are boarded in the BaNCS system by what department of Zions Bancorporation.
What is ELO? (Enterprise Loan Operations not Electric Light Orchestra)
Loans submitted by Correspondents to ZAF are reviewed by _________ and approved by __________ or ____________.
What is an Underwriter and Farmer Mac or Agri Access?
The number of times the rate would change with a 10 year VRM with a 25 year amortization.
What is 2, at 10 years, 20 years?
The manufacturer that produced a pickup known as the Little Red Express.
Who is Dodge?
When preparing for a loan closing, loan documents are delivered to title companies or closing agent in what manner.
What is Federal Express?
Total asset size of Zions Bancorporation.
What is $81.4 Billion?
Name at least three of the 5 primary ratios or numbers used in underwriting a loan.
What is 1) Current Ratio 2) Debt to Asset 3) Debt Service Coverage Ratio 4) Credit Score and 5) Loan to Value?
Name 3 of the 4 payment frequency options.
What is 1) Monthly 2) Semi Annual 3) Quarterly 4) Annual?
The muscle car originally released as a 1965 1/2 model.
What is the Mustang?
Banks or institutions that have a direct agreement with Farmer Mac that work with ZAF are referred to as this.
What is Seller, Direct Seller or Non ZAF?
What signification designation did Zions Bancorporation obtain as part of the Paycheck Protection Program.
What is top 10 in the nation. Zions originated 47,823 PPP loans totaling just over $7 Billion
Underwriting method based on an application, credit score and limited financial information which provides faster loan decision turnaround.
What is AgXpress or Scorecard?
The ZAF Rate Sheet is sent out weekly and offers interest rates for what two loan programs.
What is Standard (Farmer Mac) and Portfolio Direct (Agri-Access)
The Dukes of Hazzard featured this classic car.
What is the Dodge Charger?
Do AgXpress applications need to be completed and signed before submission for approval.
Yes, AgExpress application need to be signed because Farmer Mac will pull credit reports on borrowers as part of the approval. Signatures on AgXpress applications can be electronic.
Name at least 4 affiliate bank names of Zions Bancorporation promoted at a "Collection Of Great Banks"
What is 1) Zions Bank 2) Amegy Bank 3) Vectra Bank 4) Nevada State Bank 5) National Bank of Arizona 6) California Bank & Trust 7) The Commerce Bank