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

• Collateral Summary
  This topic provides systematic instrucions about the Collateral Summary data segment in External Check stage.
• External Valuation
  This topic provides systematic instructions about the procedure to add external valuation details.
• Comments
  This topic provides systematic instructions about the Comments data segment in the External Valuation stage.