Users are able to change the details of the subject property. To do so, navigate to the collateral section by scrolling down the Deal Summary. Click on the pencil icon next to the collateral address to edit.
Once the pencil icon is selected, a pop-up will appear allowing for several attributes to be edited.
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Delete Collateral: Select the Delete Collateral button to remove unwanted collateral.
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Collateral Name: Change the collateral name by deleting the unwanted name and typing the desired name in the selection bar.
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Collateral Description: Change, delete, or add to the collateral description by entering the selection box and making the desired adjustments.
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Borrower Valuation: Change, delete, or add the Borrower Valuation by entering the selection bar and making the desired adjustments.
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Appraisal Valuation: Change, delete, or add the Appraisal Valuation by entering the selection bar and making the desired adjustments.
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Year Built: Change, delete, or add the Year Built by entering the selection bar and making the desired adjustments.
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Year Renovated: Change, delete, or add the Year Renovated by entering the selection bar and making the desired adjustments.
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Parking Ratio: Change, delete, or add the Parking Ratio by entering the selection bar and making the desired adjustments.
Users are also able to add, remove, or adjust collateral components in the same pop-up window:
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Remove Component: Select minus icon to remove a component from the deal's collateral.
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Add Component: Select the Add Component link and fill in the information as necessary.
To see more on this topic, visit our article, Adding a Component to a Deal Collateral.
Finish editing the property details by selecting the Save button in the bottom right corner of the pop-up in order to ensure all changes have been made and saved successfully.