- ContentsQuick LinksAccount Analysis landing page Accounting landing page AIM help AIM Receiver help Arrangements landing page Batch Processing landing page Custodian help Dashboard help Data Exchange landing page Dialer Campaigns landing page Exchange Manager help Invoices help Latitude help Latitude Console help Letter Console help Letters landing page Link Console help List Builder help Portfolio Manager help Reporting Console help Reporting landing page WorkFlow Designer help Work Queues landing page
Template
Maintain Vehicle Collateral Information
Use the Collateral tab in the Collateral panel to maintain collateral information for a vehicle.
To maintain vehicle collateral information
-
In the Reference Panel navigation bar, click Available Panels and then click Collateral.
-
Click the tab for the collateral to modify and then click the Collateral tab.
Collateral
Year: Vehicle model year.
Make: Vehicle manufacturer.
Model: Vehicle model.
Add-On: Optional features on the vehicle.
VIN: Vehicle Identification Number.
Manufacturing Code: Code that identifies the vehicle manufacturer.
Series Identifier: Series code that identifies the vehicle.
Hours: If selected, the number of hours on the vehicle.
Miles: If selected, the number of miles on the vehicle.
Color: Color of the vehicle.
Sequence: Customer internal identifier for each piece of collateral.
Legal Code: Legal code that grants the lienholder or credit agency the right to repossess the vehicle when the borrower defaults on the loan or lease agreement.
Volume Date: N/A
Termination Date: Termination date of the loan contract.
Termination Effective Date: Date the termination of the loan contract became effective.
Finance Charge Due: Finance charge due on the loan.
Late Charge Due: Late charge due on the loan.
Ignition Key Number: Number that identifies the ignition key.
Other Key Number: Number that identifies an extra vehicle key, such as the valet key.
Key Type: Type of ignition key, such as single or double cut.
Odometer Type: Type of odometer, such as digital or analog.
Status
Damaged: If selected, the lienholder considers the vehicle damaged.
Totaled: If selected, the lienholder considers the vehicle totaled.
Collateral Drivable: If selected, indicates that the vehicle is drivable.
Sell Collateral: If selected, the lienholder intends to sell the vehicle for collateral.
Description: Description of the condition of the vehicle.
Title
Title Position: Type of title (for example, original, duplicate).
Title State: State listed on the vehicle's title.
Title Status: Status of the vehicle's title (for example, salvage, rebuilt, junk).
Lien on File: Indicates whether a lien is on file with the state.
Title Requested Date: Indicates the date the lienholder requested the vehicle's title from the state.
Title Received Date: Indicates the date the lienholder received the vehicle's title from the state.
Have Title: If selected, indicates that your organization has the vehicle's title.
Repo Title Ordered Date: Date the lienholder ordered a repossession title for the vehicle.
Repo Title Received Date: Date the lienholder received the repossession title for the vehicle.
Repo Title Send to Auction Date: Date the lienholder sent the vehicle's repossession title to the auction house.
Comment: Other information regarding the vehicle's title.
Tag
Decal State: State listed on the vehicle's license plate.
Decal Number: Vehicle's license plate number.
Decal Year: Vehicle's license plate year.
Replevin
Replevin Status: Status of the recovery.
Replevin Order Date: Date the lienholder ordered the recovery.
Replevin Filed Date: Date the lienholder scheduled the recovery.
Value
Fair Market Value: Amount the vehicle would sell for on the open market.
Purchase Amount: Purchase amount of the vehicle.
MSRP: Manufacturer Suggested Retail Price.
NADA: The vehicle's National Association of Automobile Dealers blue book value.
Balance at Repossession: Balance due on the vehicle or lease at time of repossession.
GL Entry Date: Date the lienholder posted the surplus or deficiency amount in the General Ledger.
Dealer
Dealer Code: Dealer's license number.
Dealer Endorsement Code: Code that identifies the dealer's auto-broker endorsement.
Dealer Reserve Charge Back: Amount the finance company charged back to the dealer for early payoff of a loan.
-
Complete the information and then click Save.
Note: When you update collateral data on the Collateral panel, Latitude doesn't update the RDN system automatically. You must send an update. For more information, see Send a Case Update to RDN.