1. Lease Origination User Guide
  2. Funding
  3. Collateral tab

8.13 Collateral tab

Having selected and loaded an application, you can view the information about the collateral of the Lease.

The Collateral link opens screens with information regarding any collateral associated with an account. Depending on the type of Lease, collateral can be a vehicle, home, or something else, such as major household appliances. The Collateral link is unavailable if this is an unsecured Lease.

A detailed explanation of the fields found on the Collateral link’s screens and sub screens can be found in the Application Entry chapter.

To verify information about the collateral
  1. Open the Funding screen and load the application you want to work with.
  2. Click the Collateral link.

    Depending on the type of collateral, information about the vehicle, home or other type of collateral appears.

  3. Verify the information regarding the collateral and its sub screens. (This is information that was recorded during the application entry process or gathered during the credit pull.)
    If the collateral is a vehicle, the Collateral link displays information about the vehicle.

    Figure 8-11 Collateral


    Description of Figure 8-11 follows
    Description of "Figure 8-11 Collateral"

    If the collateral is a home, the Collateral link displays information about the home.

    Figure 8-12 Collateral-Home


    Description of Figure 8-12 follows
    Description of "Figure 8-12 Collateral-Home"

    If the collateral is anything other than a vehicle or home, the Collateral link displays information about the other type of collateral.

    Figure 8-13 Collateral-Other


    Description of Figure 8-13 follows
    Description of "Figure 8-13 Collateral-Other"

    For details on this screen refer Collateral Tab section in Underwriting chapter.

Parent topic: Funding