First National Bank

1
First National Bank

• Information Systems
• And
• Loans

2
Introduction

• In the past, working as a loan officer
• involved a lot of paperwork and it was very
• time consuming and sometimes inaccurate.
• First National Bank has cut down on that
• paperwork and time, by introducing a
• number of new software programs to its
• information system. It has also increased its
• accuracy of its loans by making this
• introduction.

3
Software Programs

• Microsoft Office
• Edge
• Loan Closer
• IAC
• Farmer Mac
• E-Valuator

4
Microsoft Office

• Microsoft office is used very often by
• First National Bank loan officers when
• processing loans. Excel is used the most
• out of all the office applications, to figure
• interest rates, payment schedules, etc.

5
Edge

• Edge is a software program used by loan
• officers when pulling up credit reports of
• potential borrowers. Credit reports used
• to be pulled up over the telephone
• through the credit bureau. Now, with the
• addition of the Edge program, credit
• reports can be pulled up on-line in two or
• three minutes.

6
Loan Closer

• Loan Closer was also introduced into the
• First National Bank information system.
• It is a program that works with home
• loans. Home loans are the most difficult
• of the loans to process, and are very
• time consuming. With Loan Closer, all of
• the work can be done with the computer
• and documents can be processed much
• faster.

7
IAC

• IAC is a new insurance program. This
• program was developed by the insurance
• companies themselves. It allows loan
• officers to process insurance documents
• quicker and easier with the use of the
• computer, instead of by hand, like before.

8
Farmer Mac

• Farmer Mac is a software program that
• deals with agricultural loans. First
• National Bank works with a lot of
• farmers, and this program allows the loan
• officers to relate more to their needs. It
• contains a lot of needed information that
• is very useful in making all kinds of
• agricultural loans, from tractor loans to
• cattle loans.

9
E-Valuator

• E-Valuator is a program that is very
• useful to loan officers when they are
• processing car loans. It gives NADA
• (National Automobile Dealers Association)
• values, which tell the loan officer the
• value of the car. This program takes the
• place of the blue book which used to be
• used when identifying the value of cars.

10
Conclusion

• With all of these new software
• programs, First National Bank loan
• officers can process loans in less time,
• with less trouble, and with more accuracy.
• These changes allow First National Bank
• to be more of a competitor when it comes
• to making loans.

11
Bibliography

• Watkins, M.J. Branch President. Personal
• Interview. 3, November, 2001.