Jisort Collateral management software
Collateral refer to asset set apart as security for a loan issue by a financier to a borrower.
Management of collateral can be demanding task for any financial institution.
Some of the considerations in respect to collateral management on Jisort include:
Register a collateral with correct identity information such LR Number for Land and Engine Number to moving assets.
Capture the correct valuation of the Asset
Capture correct ownership information of the collateral
Verification of information captured
Tie a collateral to the loan facility it has secured and ensure the collateral cannot be used multiple times fraudulently
Release a collateral after the loan facility it was securing has been paid for completely.
Jisort is the best collateral management software for SACCOs and Microfinance Institutions.
On Jisort
Go to Loans
Go to Collateral Registration
Click on View Collateral to edit existing collateral
