7.12.1 Valuations Sub Tab

This topic provides information on the Valuations sub tab.

The Valuation sub tab contains information about the value of the asset. The Values section enables user specify the value of the asset. The Addons section records information about any add ons associated with the collateral.

To complete the Valuations sub tab
  1. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Underwriting tab.
  2. Under Underwriting tab, click Collateral tab. Under Collateral tab, click Collateral sub tab. Under Collateral sub tab, click Valuations.
  3. Perform any of the Basic Operations mentioned in Preface.

    A brief description of the fields is given below:

    Table 7-51 Valuations

    Field Description
    Value Display the value section.
    Current Select if this is the current valuation.
    Valuation Dt Specify the valuation date.
    Source Select the valuation source.
    Currency Select the currency based on which the valuation is to be done.
    Edition Specify the valuation edition.
    Supplement Specify the valuation supplement.
    Whole Sale Display the whole sale section.
    Loan Currency Wholesale Base Amt Specify the Loan currency wholesale value.
    Wholesale Base Amt Specify the wholesale value.
    Usage Specify the usage value; that is, the monetary effect that the current mileage has on the value of the vehicle.
    Retail Display the retail section.
    Retail Base Amt Specify the retail value.
    Addons Amt (+) View the add-ons value.
    Usage Value Amt (+) Specify the usage. This pertains to Loan and usually is entered as the current mileage on the vehicle.
    Total Value Amt (=) View the total value.
    Loan Currency Retail Base Amt View the Loan currency retail value.
    Loan Currency Addons Amt(+) View the Loan addons.
    Loan Currency Usage Value Amt (+) View the Loan currency usage value.
    Loan Currency Total Value Amt (=) View the Loan total value.
  4. Perform any of the Basic Actions mentioned in Preface chapter.
  5. In the Addons Section, perform any of the Basic Operations mentioned in Preface chapter.
    A brief description of the fields is given below:

    Table 7-52 Addons

    Field Description
    Description Select the description for the attribute.
    Value Specify the value of the attribute.
    Amount Specify the add-on amount.
    Loan Currency Amount Specify Loan currency amount.
  6. Perform any of the Basic Actions mentioned in Preface chapter.

    Complete the Addons/Attributes, Value, and Amt fields for each of the asset’s add-ons and attributes on the application.

Parent topic: Collateral Tab