1. Loan Servicing User Guide
  2. Collateral Management
  3. Collateral Tab
  4. Valuations Sub Tab

11.1.1 Valuations Sub Tab

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

To complete the Valuations section
  1. Click Valuations section.
  2. In this section, you can perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 11-4 Valuations section

    Field Do this
    Valuations section
    Current Select if this is the current valuation.
    Valuation Dt Specify the valuation date.
    Source Select the valuation source.
    Edition Specify the valuation edition.
    Supplement Specify the valuation supplement.
    Total Value = View the total value.
    Wholesale Base Specify the wholesale value.
    Usage Specify the usage value; that is, the monetary effect that current mileage has on the value of vehicle.
    Retail Base Specify the retail value.
    Addons + View the add-ons value.
    Usage Value + Specify the usage. This pertains to Loan and usually is entered as the current mileage on vehicle.
  3. Perform any of the Basic Actions mentioned in Navigation chapter.
  4. In the Addons section, you can perform any of the Basic Operations mentioned in Navigation chapter. You need to specify all the field values for every asset’s add-ons and attributes on the application.
  5. A brief description of the fields is given below:

    Table 11-5 Addons

    Field Do this
    Addons/Attributes Select the add-on/attribute.
    Value Specify the value of the attribute.
    Amt Specify the add-on amount.
  6. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Collateral Tab