The Asset Summary Report (ASR) encompasses an overview of the loan (or property). It is a very useful tool for examining a portfolio of loans, assessing adherence to original loan terms and conducting quarterly loan reviews. It is usually constructed as a short form 2-4 page document and includes:
The ASR, although a brief summary of the asset, enables a detailed review of the asset, changes from previous quarters and a benchmark of whether asset quality is deteriorating or performing as agreed. This is a useful tool for aiding the discussion of impairment, reserves or write-downs.