11.2.2 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.

Note the following:
  • The computations in the Compensation sub tab refers to the Requested Amt in Scenario Analysis tab.
  • The Buy Rate is referred from selected Pricing definition in Scenario Analysis section.
  • The Request Rate is referred from the Rate from field of selected Pricing definition in Scenario analysis section.

The calculated Compensation details of the application created from Scenario Analysis is populated to Origination > Underwriting >Decision tab.

To complete the Compensation (Lease) sub screen
  1. Click Origination > Origination > Scenario Analysis > Compensation sub tab. System load the compensation plan details.

    Note that, the compensation plan will use application information to calculate compensation.

    The system loads the following information on the Compensation sub screen:

    Table 11-4 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 charge back percentage (early payoff).
    Paid Basis View the charge back basis (early payoff).
    Paid Term View the charge back term (early payoff).
    Paid Days View the charge back days (early payoff).
    Chg Off Calc Method View the charge back calculation method (charge off).
    Charge Off% View the charge back percentage (charge off).
    Chg Off Basis View the charge back basis (charge off).
    Chg off Term View the charge back term (charge off).
    Chg off Days View the charge back days (charge off).
    Calculation section
    Spread Formula View the compensation spread formula.
    Buy Rate View the approved 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 or percent allowed.
    Max Markup or Percent View the maximum compensation Markup.
    Upfront % View the upfront compensation percentage.
    Flat Amt View the flat amount.
    Upfront Comp Amt View the compensation amount paid upfront.
    Rem Comp Amt View the compensation amount remaining.
    Comp Amt View the compensation amount.
  2. Perform any of the Basic Actions mentioned in Navigation chapter.