1. Lease Origination User Guide
  2. Underwriting
  3. Collateral Tab
  4. Valuations Sub Tab

7.12.1 Valuations Sub Tab

The Valuation sub tab contains information about the value of the asset. The Values section enables you specify the value of the asset. The Addons section records information about any add ons associated with the collateral.

To complete the Valuations sub tab
  1. Click the Valuations sub tab.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.

    A brief description of the fields is given below:

    Table 7-51 Valuations

    Field Do this
    Value section
    Current Select if this is the current valuation.
    Valuation Dt Specify the valuation date.
    Source Select the valuation source.
    Currency Select the currency based on which the valuation is to be done.
    Edition Specify the valuation edition.
    Supplement Specify the valuation supplement.
    Whole Sale
    Lease Currency Wholesale Base Amt Specify the Lease currency wholesale value.
    Wholesale Base Amt Specify the wholesale value.
    Usage Specify the usage value; that is, the monetary effect that the current mileage has on the value of the vehicle.
    Retail
    Retail Base Amt Specify the retail value.
    Addons Amt (+) View the add-ons value.
    Usage Value Amt (+) Specify the usage. This pertains to Lease and usually is entered as the current mileage on the vehicle.
    Total Value Amt (=) View the total value.
    Lease Currency Retail Base Amt View the Lease currency retail value.
    Lease Currency Addons Amt(+) View the Lease addons.
    Lease Currency Usage Value Amt (+) View the Lease currency usage value.
    Lease Currency Total Value Amt (=) View the Lease total value.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.
  4. In the Addons Section, perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 7-52 Addons

    Field Do this
    Description Select the description for the attribute.
    Value Specify the value of the attribute.
    Amount Specify the add-on amount.
    Lease Currency Amount Specify Lease currency amount.
  5. Perform any of the Basic Actions mentioned in Navigation chapter.

    Complete the Addons/Attributes, Value, and Amt fields for each of the asset’s add-ons and attributes on the application.

Parent topic: Collateral Tab