1. Lease Origination User Guide
  2. Underwriting
  3. Decision Tab
  4. Compensation Sub Tab

7.8.7 Compensation Sub Tab

The Compensation (Lease) sub tab records and displays the terms of compensation between the finance company and the dealer for Lease transactions.

To complete the Compensation (Lease) sub screen
  1. Open the Underwriting screen and load the underwriting application you want to work with.
  2. Click the Decision > Compensation sub tab.
  3. On the Compensation sub screen’s Compensation section, select in the Compensation Plan section the compensation plan you want to use from the drop-down list. Note that, the compensation plan will use decision information to calculate compensation.
  4. Click Load.
    The system loads the following information on the Compensation sub screen:

    Table 7-37 Compensation

    Field Do this
    Compensation section
    Compensation Plan View the compensation plan.
    Disbursement Method View the compensation payment method.
    Calculation Method View the compensation calculation method.
    Chargeback section
    Paid Calc Method View the charge back calculation method (early payoff).
    Paid % View the percentage of charge back paid.
    Paid Basis View the charge back paid basis.
    Paid Term View the charge back paid term.
    Paid Days View the charge back paid days.
    Charge off Calc Method View the charge back calculation method (charge off).
    Charge off % View the charge back percentage (charge off).
    Charge off Basis View the charge back basis (charge off).
    Charge off Term View the charge back term (charge off).
    Days View the charge back days (charge off).
    Calculation section
    Spread Formula View the compensation spread formula.
    Buy Rate Specify the buy rate.
    Buy Rent Factor View the compensation buy rent factor.
    Factor View the compensation factor.
    Addl Factor View the additional compensation factor.
    Max Spread View the maximum spread allowed.
    Max Markup Or Percent View the maximum compensation Markup.
    Flat Amt View the flat amount.
    Compensation Amt View the compensation amount.
  5. Make any necessary changes in the Approved Buy Rate and Maximum Financed Amount fields in the Decision tab.
  6. Click Calculate.

    The system displays the details and amounts for this compensation plan.

Parent topic: Decision Tab