8 External Valuation
This topic describes information about the External Valuation stage in Collateral Perfection process.
External valuation of collateral is applicable for certain collateral types like Property for which external advice is required. During external valuation, the external agencies specialized in valuation perform various analysis and arrive at the collateral's market value. In this stage of Collateral Perfection process, the Credit Officer must capture and store the external valuation details collected from the external agencies.
The following data segments are available in the External Valuation
stage:
- Collateral Summary
- External Valuation
- Comments