Does collateral really matter: part II

Article Abstract:

The best approach in determining the collateral value of a pre-owned manufactured home is the comparable method. Other steps to determine the collateral value are suggested to reduce the risk of getting an under-collateralized portfolio. The lender should commission an independent inspector and appraiser who will prioritize its interests. The inspector should do an actual inspection of the house while considering the site and the community it is located. The actual make and model of the house should also be determined.

Commercial Banks, Mortgage and Nonmortgage Loan Brokers, Consumer Mortgage Loans, Housing, Valuation, Mortgages

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Understanding how loans are approved

Article Abstract:

Retailers finance and insurance managers should be experts in financial management issues to provide eager credit-challenged loan applicants with the necessary information. The first step is to determine the credit bureau data that the lender will rely on for its underwriting decision. If the retailer is not sure of its source, the best thing to do is get all the available reports. Other useful informations such as unreported loans or payments should not be ignored to avoid costly mistakes.

Business Credit Institutions, All Other Nondepository Credit Intermediation, Financial Management, Services, Commercial finance companies, Credit bureaus

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