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            Collateral Management in Digital Lending

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            Collateral Management in Digital Lending

            Collateral management in digital lending helps loan officers efficiently manage and track every aspect of collateral for secured loans and lines of credit. Manage the financial assets securing these loans or lines of credit. Loan officers gain the necessary information to make informed decisions and track asset changes over time.

            Required Editions

            Available in: Lightning Experience

            Available in: Professional, Enterprise, and Unlimited Editions
            • Collateral Management Overview
              Loan officers can make informed decisions and track party financial assets throughout their lifecycle. Declare one or more financial assets as collateral, oversee the appraisal process, and monitor insurance payments for the collateral.
            • Collateral Management Lifecycle
              Collateral management secures loans through proper appraisal, tracking, and ongoing management of financial assets. Lenders designate assets as collateral to calculate the Loan-to-Value (LTV) ratio and assess loan sufficiency, involving steps like establishing liens and conducting re-appraisals as needed. This process protects lender interests and facilitates the necessary funding for borrowers.
            • Create a Collateral in Digital Lending
              Loan officers create ‌collateral and add details related to the party financial asset such as liens, insurance policies.
            • 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.
             
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