Understanding Primary and Secondary Evaluation
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Once a collateral loan application has been added, it is displayed on the Collateral workplace, and collaterals specified for that loan application can be valued. This is a Primary valuation.
Every such collateral can be assigned a “Valuation period” - i.e. time after which it has to be repeatedly evaluated.
Once the loan has been disbursed, the system starts tracking the valuation period.
If the current date is beyond the valuation period, the loan has to be re-evaluated. This is a Secondary valuation.
The filter on the left allows selecting all loans that need a valuation, loans provided for initial (primary) valuation, or awaiting waiting for a revaluation (secondary valuation)
Step-by-Step Instruction
The two operations are performed with the same set of steps:
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Now, the collateral manager can approve or confirm the loan for further processing.
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