Credit Evaluation School, Sacramento, CA

DESCRIPTION OF COLLATERAL • Type of Collateral – Example: Real Estate, Inventory, Accounts Receivable, Automobiles, etc.... • Location of Collateral if applicable (especially if out of trade area) • Appraised value or estimated value

DESCRIPTION OF COLLATERAL • Note if loan officer estimates the value higher or lower than the appraised value • Note if internal or external appraisal and date of valuation if it is pertinent to the classification • Specialized collateral or work in progress may need special consideration • Appraisal violations should be noted only, not restated