Farmer Mac
The "scorecard" underwriting system was unveiled by Farmer Mac in 2019
What is AgXpress
The number of "Seller Loans" which ZAF help facilitate during 2019
367
During President Day weekend 2019, Zions Bancorporation converted its deposit and loan accounting systems from Shaw to what system?
BaNCS
During 2019 ZAF established a relationship with what Farm Credit Association?
Agri Access a division of Compeer Financial
What portfolio milestone did ZAF surpass during 2019?
$1.7 Billion - actual numbers as follows
$1,746,228,919 12/30/19 plus
$103,506,130 Farmer Mac II
Where does the name Farmer Mac come from?
Farmer Mac's actual name is Federal Agricultural Mortgage Corporation. GSE's have been given nick-names such as Fannie Mae, Freddie Mac and Sallie Mae. With regards to the nick-name, Farmer is a short name for Federal Agricultural and Mac is a short name for Mortgage Corporation providing the name Farmer Mac.
Approx. two years ago, ZAF created a focus to increase self-originated loans. What percentage of new ZAF loans that were originated in 2019 were originated by a ZAF BDO?
Approx 33%. Traditionally, this number was around 5% of total ZAF origination's.
ZAF initiated program design for a new internal operating system called ____________. What will this new system do?
Z|WAY will be a single source system for use in underwriting, fee management, on-boarding, customer service, reporting, servicing along with an online portal for Correspondents/Sellers/Borrowers
Over the past 20 years, ZAF has had relationships with other Farm Credit Associations. Can you name them or at a minimum where they were located at?
Farm Credit Services of America - Omaha NE
Farm Credit of SW Kansas - Wichita KS
Farm Credit Mid America - Louisville, KY
What official reason was given by the City of Ames to have two trees cut down during 2019 next to the parking lot?
Dropping Smelly Fruit on Sidewalk
How many banks does ZAF service loans for on behalf of Farmer Mac
231
A goal for 2019 ZAF origination's was set at $150 Million while 2018 origination's were approx. $110 Million. Did ZAF reach this goal or how close to you think the results will be.
Yes, projected 2019 origination's will total approx $136.8 Million. After adjusting to reflect loan amounts on RLOC's, originations will total approx. $152.6 Million.
A Zions product called Commercial Loan Payments Online was just released in December. This product can be used by ZAF borrowers for what?
Make Payment Online
Save Profile
Obtain Loan Balance/Other General Loan Info
The Portfolio Direct program was officially rolled out in what month?
October 21, 2019
How many Foreclosures where initiated during 2019?
Four
One ready for eviction of borrower
One under a Right of Redemption
Other two have been paid off
Farmer Mac experienced a change in Senior Management over the past year. Name up to six of the Farmer Mac Executive Leadership team.
Brad Nordholm, President & CEO
Curt Covington, EVP Chief Credit Officer
Zach Carpenter, EVP Chief Business Officer
Aparna Ramesh, EVP Chief Financial Officer
Stephen Mullery, General Counsel/Corp Secretary
Brian Brinch, SVP Rural Infrastructure
A goal for 2019 Seller origination's was set at $150 Million while 2018 origination's were approx. $167.6 Million. Did ZAF reach this goal or how close to you think the results will be.
approx. $152.9 Million
Z|WAY will be single source system that will replace or work in connection with what current systems?
Access
BaNCS Extract
FileNet
Multiple Word and Excel Templates
During the inaugural year of Portfolio Direct, how many loans were loans closed?
17 Loans
$25,004,085
How many Correspondents does ZAF pay SFS (Secondary Field Servicing) fees to?
approx. 125
23 originated at least one loan during 2019
9 new ones - 11 that originated a loan last year that did not originate a loan in 2019