Close

FCCS News & Insights

Happenings, Insights, Thought Leadership, Forward Thinking Podcast Episodes

Streamline Loan Renewal Season with AI-Informed Portfolio Analysis

Download the Full Article

As Farm Credit lenders approach renewal season, numerous organizations are benefiting from AI-driven data insights courtesy of Passkey Partner Growers Edge and its Agcor product.

“The heavy concentration of renewals from September through December creates a lot of work in a short stretch, and the current farm economy is making each file harder,” says Cameron Burford, Managing Director SaaS with Growers Edge. “Our solution takes the parcel and collateral work off the relationship managers’ plates so their time can be focused on improving and expanding customer relationships.”

Agcor is a GIS-based platform that provides actionable data analysis for relationship managers, appraisers, risk officers and more. The system analyzes hundreds of data sets, including both public, subscription and Growers Edge-proprietary content, for parcel-level details. By mapping farm loans against this parcel, soil, water, climate, and ownership data, lenders can make informed decisions about loan terms or even whether a loan should be approved.

Agcor’s portfolio monitoring feature identifies potential at-risk loans by mapping data from flood maps, drought cycles, fire history and government water management priority against GIS data across an organization’s loan portfolio. These insights position relationship managers to reach out to customers before credit issues develop.

“Agcor helps relationship managers better serve their customers, and credit officers and appraisers better assess loan risk to protect the organization,” says Cameron. “Agcor reports are also of value to auditors, regulators and risk committees.”

Growers Edge integrates easily with platforms like nCino and Salesforce and offers user-based permissions to protect critical organizational information. The system employs a simple chat-like interface: a user types a question and receives a clearly written report. After onboarding, individual users have ongoing access to customer support via chat or telephone call. If custom change requests arise, they’re vetted through a single client administrator before being implemented.

“In working with Agcor, I’ve found a really good group of people dedicated to delivering a solid platform and high-quality customer service, and are very receptive to our feedback on extending the platform,” says John Barcelos, Chief Risk Officer with AgWest.

Passkey Members can access Growers Edge via annual or multi-year license. For more information about Growers Edge solutions, contact Cameron Burford at 559-349-5991 or via email.

Recent News & Views

 
Stay Connected