Update Loan Collateral

These steps explain how to maintain a collateral record on a loan (i.e. mortgage or auto loan).

• In addition to using the tool mentioned below to update loan collateral, you can also click the Update button on the Write Off or Charge Off Loan Account screen.

1. Launch Tool #51 Miscellaneous Loan Maintenance.

2. Enter the account and loan suffix on the Additional Loan Information Maintenance pop-up.

3. Click the forward arrow.

4. Check the Collateral box on the Additional Loan Information Selection screen.

5. Click the forward arrow.

6. Click Update on the Collateral Selection screen.

7. Select the collateral item from the list on the Collateral Item Summary screen.

8. Click Select.

9. Make the desired changes on the Collateral Identification screen.

10. Click Save/Update.  

Learn More

Learn more about the Collateral Identification screen.

Learn about collateral title and property tax tracking.