Every week we are getting new orders from Commercial Loan Portfolio Managers. The tightened regulations in the financial sector have forced many financial institutions, banks and credit unions who supply commercial capital to order Equipment and Machinery Appraisals for existing loans in their commercial loan portfolios.
The uptick in orders from Commercial Loan Portfolio Managers can be seen from a few angles. One is the financial institution can demonstrate to a governing body that the loan is still well collateralized. Two the financial institution can demonstrate to share holders that commercial loan is still well collateralized. And lastly the ability to obtain a precise value incase of a workout situation is apparent in the near future, this allows portfolio managers and loan officers the ability to jump start the process of possibly obtaining more collateral.
The firm of Truman Mox, Inc. can assist all financial institutions across the country in obtaining defensible and precise Equipment and Machinery Appraisals. Feel free to call us at 888-494-3433 for free consultation. We work all over the United States and International.October 19, 2013 12:00 am