Collateral Inspection for Credit Unions

Collateral inspection vendors physically verify and document the assets securing a credit union's loans, from autos and recreational vehicles to commercial equipment, dealer floor plans, and real estate. Their field reports confirm a unit exists, assess its condition, and validate value, which supports underwriting decisions, indirect lending oversight, repossession, and charge-off recovery. Independent inspections also help satisfy examiner and audit expectations around portfolio risk. When evaluating providers, look at geographic coverage, turnaround time, photo and condition documentation quality, integration with your loan origination or collections system, and experience inspecting the specific collateral types your lending program holds.

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