8.2 External Valuation

This topic provides systematic instructions about the procedure to add external valuation details.

Click Next in the External Valuation - Collateral Summary screen, the External Valuation data segment is displayed.

Figure 8-3 External Valuation

Description of "Figure 8-3 External Valuation "

To capture the external valuation details for the collateral:

1. Click the action icon in the collateral record and select Edit.
   The External Valuation - Configure - Collateral Type screen is displayed.

   Figure 8-4 External Valuation - Configure - Collateral Type

   
   

   
   Description of "Figure 8-4 External Valuation - Configure - Collateral Type"

   
   
2. Click Next and navigate to the Valuation menu.

   Figure 8-5 External Valuation - Configure - Valuation

   
   

   
   Description of "Figure 8-5 External Valuation - Configure - Valuation"

   
   
3. Click the add icon in the External Valuation - Configure - Valuation screen.
   The External Valuation Details window is displayed.

   Figure 8-6 External Valuation - Configure - Valuation Details

   
   

   
   Description of "Figure 8-6 External Valuation - Configure - Valuation Details"

   
   

   For more information on the fields, refer to the field description table below:

   Table 8-1 Basic Details - Field Description

   Field	Description
   Agency	Select the Agency which performed external valuation.
   Valuation Type	Select the Valuation Type as External.
   Valuation Date	Specify the date on which the external valuation is carried out.
   Valuation Frequency	Select the Valuation Frequency from the drop down list.
   Frequency Unit	Specify the number of times the valuation must be done in the selected Valuation Frequency.
   Valuation Expiry Date	Specify the date till which the valuation is valid.
   Next Valuation Date	Next Valuation Date is displayed based on the specified Valuation Date, Valuation Frequency and Frequency Unit.
   Valuation Amount	Select a currency and specify the collateral Valuation Amount.
   Insurable Value	Specify the Insurable Value of the asset.
   Deviation Approval As Per Bank Policy	Provide the approval details in case there is any deviation in the construction from the approved plan and the bank has approved the deviation.
   Estimated Age of Asset	Specify the Estimated Age of Asset.
   Estimated Life Span of Asset	Specify the Estimated Life Span of Asset.
   Remarks	Specify the bank user Remarks.
   Valuer Remarks	Capture the Valuer Remarks for the collateral.

4. Click Add in the External Valuation Details window.
   The external valuation details are added and displayed as shown below.

   Figure 8-7 External Valuation - Configure - Valuation Details

   
   

   
   Description of "Figure 8-7 External Valuation - Configure - Valuation Details"

   
   

   You can Edit, View, or Delete the added external valuation detail by clicking the action icon and selecting the required option.

5. Click on Ask Geneartive AI.
   The Generative AI screen displays.

   Figure 8-8 Generative AI

   
   

   
   Description of "Figure 8-8 Generative AI"

   
   

   Note:

   The system automatically generates a Generative AI opinion. The user can edit the Generated AI text and update the details as required.

6. Click Proceed.
   The External Valuation Details screen displays.

   Figure 8-9 External Valuation Details

   
   

   
   Description of "Figure 8-9 External Valuation Details"

   
   
7. After capturing field investigation details, click Next.
   The Field Investigation - Configure - Questionnaire Evaluation screen displays.

   Figure 8-10 Field Investigation - Configure - Questionnaire Evaluation

   
   

   
   Description of "Figure 8-10 Field Investigation - Configure - Questionnaire Evaluation"

   
   

   Note:

   In the above screen, the questionnaires linked to the Field Investigation stage in Business Process configuration are displayed. You can manage the questionnaire process linkage in Maintenance module.
8. Select answer for all the questions and click Submit.

   In case of multiple questions, the right arrow appears in the Questionnaire screen. Click the right arrow to view next question.

   Once the evaluation is completed, the system displays the overall score for evaluation in External Valuation - Configure - Questionnaire Evaluation screen based on the score generated for each answer provided in the Questionnaire screen.

   User can click the Action icon in the tile and select Edit or Comment to modify the answers or capture comment for the evaluation, respectively.

9. After performing all the evaluation, click Submit.

   Note:

   If the minumum number of valuation record is not added, the system prompts an error message based on the configured rule. You can capture the appropriate remarks and proceed to the next stage by obtaining exception approval or add the valuation records at a later date.