Five Steps to a Successful Collateral Verification
(Part 2 of our 2 part collateral series )
by Kylie Mergen, Director of Financial Services
In last month’s communication, we discussed the five steps to a successful collateral verification. This month, we want to explore the common exceptions we’ve documented recently during the reviews. Our Schedule of Eligible Collateral, found in our Member Products and Services Guide, identifies the current underwriting guidelines for each asset category we accept as eligible collateral. Knowledge of our underwriting requirements and applying the guidelines to your pledged portfolio is a critical step in identifying and pledging collateral. Continue to a list of common exceptions.