Tony Williams,  Loan Technologist

This function encompasses all activities related to the handling of collateral. Collateral is taken to secure a loan in the event that the primary source of repayment is insufficient. In some cases, the loan is so risky that it simply would not be made without some form of security; in other cases, the collateral serves to reduce the risk inherent in the transaction, thereby reducing the cost of the loan to the borrower. For any secured lending, the underlying collateral needs to be accurately indentified and tracked.