Case Study

Western AgCredit

Western AgCredit

Pages 3 Pages

Western AgCredit is a borrower-owned, nancial services cooperative that focuses on businesses within the agricultural industry, particularly in the states of Utah, Wyoming, Nevada, and Arizona. Several years ago, Western AgCredit employed a loan origination process that was both tedious and lengthy. Once a loan was approved, loan ocers were required to complete a long, multi-column, multi- page checklist to specify to the loan documentation department the necessary information and provisions for the loan. The problem was that each loan ocer had his/her own way of lling out the checklist, which led to a great deal of questions and back and forth verications between the loan documentation department and the ocer. Once the checklist was nalized, the loan documentation department then u

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