Loan Collateral Summary

Screen ID:	ULNCLA-02
Screen Title:	Collateral Item Summary
Panel ID:	5520
Tool Number:	Multiple
		Click here to magnify

This screen displays a list of collateral items associated with a loan account.

Check out the video related to this topic: Editing a Loan Request (More videos below!)

Helpful Resources

Learn how to complete tasks related to writing off a loan.

Learn how to edit a loan request and complete other lending tasks.

Screen Overview

Choose an item from the list and use Enter or Select to proceed to the detail screen.

At the bottom of the screen, the Loan-to-Value (LTV) percentages are displayed. Click Use Estimated Value/Use Pledged Amount (F11) to toggle between calculating the LTV based on pledged amounts or estimated values from the collateral record. The CLTV% displays if the same collateral item is used for multiple loans. See below for the criteria used to determine if the same collateral is used for multiple loans.*

If you see asterisks on this screen, it is due to the privacy configuration.

Integration between CU*BASE and your imaging solution

This screen has a link to your imaging solution to further integrate with CU*BASE. The “Scan e-Document” button is used for scanning a document into your imaging solution. The “View e-Document” button is for retrieving images from your imaging solution.

Remember: Only documents warranted by the CU*Spy online vault can be scanned into that vault.
Clients with in-house imaging solutions should contact Imaging Solutions for assistance configuring links for use with your vault.

Field Descriptions

Field Name	Description
Line	A sequential number for all of the collateral items in the list.
Coll type	A credit union-defined code which indicates the type of collateral (i.e., auto, mortgage, stocks, etc.)
Description	A description of the collateral item. This is from the collateral record. For Coll Type O, if multiple medallions are securing the loan, MULTIPLE will display.
Estimated Current Value	The estimated current value of the collateral item. This is from the collateral record.
Pledged Amount	The amount of the collateral item which is pledged toward the loan. This is from the collateral record. For certain types of collateral, this may be a smaller number than the estimated value, such as when using stocks or bonds as collateral. The standard Loan Officer Worksheet prints a total of this amount for all collateral items. It is labeled “Estimated value of collateral” on the form.
Owner SSN	The Social Security number of the owner of the collateral item (defaults to the member's SSN).
LTV% for all collateral using Estimated Values/Pledged Amount	This section shows the Loan-to-Value percentages for the loan using both Current balance and Original balance. The Original Balance comes from the collateral identification record. Click "Use Pledged Amount/Use Estimated Values" (F11) to toggle between calculating the LTV based on estimated values or pledged amounts as specified on the collateral identification record.
CLTV% for all collateral using Estimated Values/Pledged Amounts	This section conditionally displays when there are multiple loans using the same collateral item. The Combined Loan-to-Value percentages using both Current balance and Original balance display. The Original balance comes from the collateral identification record. Click "Use Pledged Amount/Use Estimated Values" (F11) to toggle between calculating the CLTV based on estimated values or pledged amounts as specified on the collateral identification record. NOTE: If Pledged Amount is used, the ‘Amount pledged to loan’ from all collateral records is added up to determine the Pledged Amount to use in the CLTV calculation. NOTE: If Estimated Values is used, then the lowest non-zero ‘Estimated value’ amount from all collateral records is used to determine the Estimated Value to use in the CLTV calculation. *What criteria is used to determine if the same collateral is used for multiple loans? The loan balances for all the loans sharing that collateral are considered in the CLTV% calculation along with all the collateral. Specific criteria on the collateral identification record (CLML) by collateral definition type is checked to determine if it is the same collateral item (i.e. matching records): “V” Vehicle = VIN (CLID) match “R” Real Estate = Property ID (PRTXID) match “O” Other = Tax ID (PRTXID) match, then collateral description (CLID) match “M” Medallion = Medallion Type (MDTYPE) and Medallion ID (MDID) match “S” Stock = No matching performed Note: The criteria must match exactly. For example, if the Tax ID is entered with dashes on one collateral record and without dashes on another collateral record, the collateral will not match.

Additional Video Resources

Check out these additional video resources!

Special Loan Request Features

View more lending videos.

Visit the CU*BASE video library.