- Retail Loans Origination User Guide
- Retail Loans Account Origination Process
- Loan Underwriting
- Valuation Details
2.4.2 Valuation Details
This topic provides the systematic instructions to capture the information on the asset valuation done by the bank approved valuator.
Valuation Details is the next data segment of Loan Underwriting stage. This segment enables the user to capture the information on the asset valuation done by the bank approved valuator.
To capture the valuation details:
- Click Next in the previous data segment to proceed with the next data
segment, after successfully capturing the data.
The Valuation Details screen displays.
- Specify the details in the relevant data fields. For more information on fields, refer
to the field description table below.
If Oracle Banking Origination is integrated with Oracle Banking Credit Facilities Process Management, the valuation details will be fetched from integration service and the values will be displayed in the respective fields as read only data. In the absence of Oracle Banking Credit Facilities Process Management integration, the user has to capture the valuation details manually in this data segment.
Table 2-32 Valuation Details – Field Description
Field Description Collateral Description Displays the collateral description which is added. Collateral Type Displays the collateral type which is added. Category Displays the category of the collateral which is added. Collateral Value Displays the value of the collateral which is added. Owners Displays the owners name of the collateral. Collateral ID Displays the Collateral ID. Collateral Description Displays the description of the collateral. Liability ID Displays the Liability ID Liability Description Displays the Liability description. Hair Cut % Displays the Hair cut percentage. Collateral Amount Displays the collateral amount. Valuation Type Select the type of valuation. Available options are
- External
- Internal
Valuation Amount Specify the valuation amount of the collateral. Agency Code Specify the agency code. Agency Name Specify the name of agency. Valuation Date Select the valuation date. Date should not be earlier than the Loan Application Date. Add Valuation Click Add Valuation to add valuation details. Add the valuation details if you want to evaluate the collateral. Note:
All the fields will be fetched from Oracle Banking Credit Facilities Process Management in read only mode if integrated with Oracle Banking Credit Facilities Process Management.
- Click Next to navigate to the next data segment, after successfully capturing the data. The system validates for all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take an action. The User cannot to proceed to the next data segment, without capturing the mandatory data.
Parent topic: Loan Underwriting