Agricultural lenders face unique challenges, and their customers have specific needs. That’s why institutions like Agricultural Financial Services Corporation (AFSC) are partnering with nCino to meet these challenges with technology that is transforming the agricultural lending industry.
American AgCredit is a proud member of the U.S. Farm Credit System, both founded in 1916. Today, the cooperative serves a diverse clientele of farmers, ranchers and rural customers across its network of 32 branches. American AgCredit offers loans, lines of credit, leasing and crop insurance products and serves capital market customers in all 50 states.Between 2015 and 2019, American AgCredit’s loan portfolio grew from $6.5 billion to $11 billion, reflecting a significant increase in transaction volume. The team at American AgCredit quickly realized that their current loan origination system was struggling to keep up with the volume. Dustin DeBusk, Head of Credit Management, said that the bank’s original loan origination system made entering information a challenge and did not integrate well with the bank’s other platforms.
Texas Farm Credit, a credit cooperative, implemented nCino's Bank Operating System to enhance its digital capabilities and streamline lending processes. This partnership helped them close a record $400 million in loans and improve operational efficiency with a single cloud-based platform. Credit cooperative implements the nCino Bank Operating System to accelerate its digital transformationnCino's single cloud-based platform helps enable Texas Farm Credit to close a record $400 million in loans year-to-date
Farm Credit West has adopted nCino's Agriculture Lending solution, utilizing nCino's Bank Operating System to streamline their lending process and improve collaboration between staff members. With the help of nCino's platform, Farm Credit West aims to provide high-quality service to farmers and ranchers, benefiting from increased efficiency and transparency across departments.
