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Group Collateral For Multiple Loans

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Group Collateral For Multiple Loans

Pledge a single financial asset as collateral for multiple loans within Digital Lending. This process enables the review and reuse of existing assets for subsequent application forms.

Required Editions

Available in: Lightning Experience

Available in: Professional, Enterprise, and Unlimited Editions

User Permissions Needed
To set up Digital Lending:	Digital Lending permission set

From the App Launcher, find and select Digital Lending.
Open the Application Form Product.
Go to the Collateral tab and review the exiting Application Form Product Collateral listed.
Open the second Application Form Product to add the same Party financial Asset as collateral.
Go to the Collateral tab and click New.
Select the Collateral Asset pledged for the first loan.
Use the existing lien or create a different lien to issue the second loan for the same collateral.

Loan officers can pool different party financial assets as collateral for a single loan. Under the application form product, create a second collateral for the different party financial asset.

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