7 Base Price Review

This topic provides systematic instructions about the Base Price Review stage in Collateral Liquidation process. In this stage, the Credit Reviewer or the user authorized to edit the Base Price Review task must review the base price fixed for collateral in Base Price Fixation stage and capture their comments.

The data segments available in the Base Price Review stage are same as that of Base Price Fixation stage. For field level information, refer the Base Price Fixation topic.

To review the base price fixed for the collateral:

  1. From Home screen, click Tasks. Under Tasks, click Free Tasks.
    The Free Tasks screen is displayed.

    Figure 7-1 Free Tasks


    Description of Figure 7-1 follows
    Description of "Figure 7-1 Free Tasks"

  2. Acquire & Edit the required Base Price Review task.
    The Base Price Review- Collateral Details screenn displays.

    Figure 7-2 Base Price Review_Collateral Details


    Description of Figure 7-2 follows
    Description of "Figure 7-2 Base Price Review_Collateral Details"

  3. Click Next and navigate to the Base Price Fixation data segment.

    Figure 7-3 Bse Price Review - Base Price Fixation


    Description of Figure 7-3 follows
    Description of "Figure 7-3 Bse Price Review - Base Price Fixation"

  4. Capture the Review Comments and click Next.
    The Base Price Review - Comments screen displays.

    Figure 7-4 Base Price Review_Comments


    Description of Figure 7-4 follows
    Description of "Figure 7-4 Base Price Review_Comments"

  5. Type the comments for the Base Price Review stage in the Comments text box.
  6. Click Post.
    Comments are posted below the Comments text box.
  7. click Submit, to submit the base price review task.
    The Checklist window is displayed.

    Figure 7-5 Base Price Review_Checklist


    Description of Figure 7-5 follows
    Description of "Figure 7-5 Base Price Review_Checklist "

    Note:

    In the above window, checklist for the stage appears if it is configured in the Business Process Maintenance. You have to manually verify the checklist and enable the corresponding check box.
  8. Select the required Outcome.
    The available options are:
    • Proceed
    • Additional Info
  9. Click Submit.
    If the Outcome is selected as Proceed, the application is moved to the next stage on clicking Submit.

    If the Outcome is selected as Additional Info, the application is sent back to the previous stage on clicking Submit.