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            Collateral Management Overview

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            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.

            Required Editions

            Available in: Lightning Experience

            Available in: Professional, Enterprise, and Unlimited Editions

            Collateral management is a process that tracks and oversees party financial assets a borrower pledges to secure a loan. This process is essential throughout the secured loan lifecycle, from the initial loan application until the loan is fully repaid.

            Key Capabilities

            With collateral management in digital lending, loan officers can:

            • Declare one or more party financial assets as collateral for loan applications.
            • Track the appraisal process and appraised value of collateral.
            • Monitor insurance payables for the collateral.
            • Track liens, charges, or security interests on party financial assets, including their status. For example, first lien, second lien, tax lien.
            • View the chain of ownership, related terms/covenants, and documents for collateralized party financial assets.
            • Support cross-collateralization, allowing the same party financial asset to be used for multiple loans.
            • Pool multiple party financial assets into a group to serve as combined collateral for a loan.
            • Use multiple independent assets as collateral for a loan.
            • Streamline due diligence processes with third parties for faster approvals and reduced manual effort.
            • Declare asset value and calculate the lendable value.
             
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