Get the free Level 2 Account Setup For Lenders - USDA Farm Service Agency - fsa usda

Level 2 Account Setup For Lenders Step-by-Step Instructions for getting access to do Electronic Business With Farm Service Agency 9/18/07 1 authentication Advantages to Lenders ? Faster Service- Documents

Disadvantages to Lenders ? Higher Fees. Lenders, including our own, charge additional fees for services and products. Lenders charge higher fees even if you are not having an issue with your loan. ? Lenders may be less likely to meet with borrowers in person. ? Can't get a bank account number (EIN). Loan Applications are not forwarded to FSA, but Lenders can still access the borrower's information through their system that contains information about their account. Step-by-Step Steps to Set up an FSA Farm Service Agency Account 1. Go to the FSA website and create an FSA account. Be sure to provide the Social Security Number, Address and the contact number of your farm contact person. This information must be accurate as no information is used other than to verify your identity. 2. Visit the FSA's website, and fill out a basic application to provide a basic description of your business. Make sure it is as complete as possible before clicking submit. 3. Your account can be activated from within your desktop program and not require a login screen. Step-by-Step Steps to Set up Lenders 1. From the Lenders page, select the specific loan type, including a description, and click the “Start Application” button. 2. Fill out the application as directed, then click the “Submit Application” button. 3. From within your program, type in the bank information into the fields below. The application can not be submitted if the loan information is incorrect. The bank information will not transfer unless the information is correct. Enter the FSA Loan Number, Title and Address: Bank (Bank Number)/Bank Name/Bank Street Address: Loan Status/Loan Address Note: The FSA loan information is only visible to the borrower and not to FSA until they enter the FSA database. You must be prepared to show your ID when FSA does its initial screening (on the FSA Loan Information Form). FSA may require your picture to match to the customer on the loan. Note: If there is a problem with your information, your transaction might be rejected or not complete. Your transaction history, loan information, payment history, and account activity You will not be able to access the loan information until you have complete information in your account. Lender Account Number The Lender Account Number is used for identification purposes.

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