With the Scenario Analysis screen, you can simulate the customer’s Lease request Lease amount, rate and create a mock proposal in Lease with your lending policies.
You can use scenario analysis screen to complete the following tasks:
Note
Depending on the product licensed, you can view either Loan or Lease Calculator details. If you have licensed both, then you are provided with an option in Scenario Analysis screen to select the required Product Type.
You can view a previously generated scenario analysis by inquiring through the identification code,
To view an existing scenario analysis
To generate a scenario analysis
Click Add and complete the following Parameters:
You can click Initialize to clear (or ‘refresh’) the screen
details at any time.
Field |
Do this: |
Inquiry Id |
View the inquiry identification code. |
Application # |
View the application number. |
First Name |
Specify the first name of the applicant. |
Last Name |
Specify the last name of the applicant. |
Phone |
Specify the phone number of the applicant. |
Specify the email address of the applicant. |
|
Company |
Select the company. |
Branch |
Select the branch. |
Product |
Select the product. |
Producer Type |
Select the producer type associated with the product. |
Producer Name |
Select the producer associated with the product. |
Producer Contact Number |
View the producer contact number. |
Region |
View the region where the producer belongs. |
Territory |
View the territory where the producer belongs. |
Gross Capitalized Cost |
Enter the gross capitalized cost. |
Capitalized Cost Reduction |
Enter the capitalized cost reduction. |
Term |
Specify the requested term (number of payments). |
State |
Select the state code. |
Asset Type |
Select the asset type. |
Asset Sub type |
Select the asset sub type. |
Make |
Specify the make of the vehicle. |
Model |
Specify the model of the vehicle. |
Promotion |
Select the requested promotion. |
Billing Cycle |
Select the billing cycle schedule. |
Instrument |
Select the instrument. |
The system auto assigns an identification code to your calculations on the Scenario Analysis screen.
The Scenario Analysis screen provides an option to calculate and display the Pricing based on previously generated scenario analysis details.
To create an application from the scenario analysis
You can generate a summarised report using the calculated details in the format of quote.
After you have specified all the required information to generate scenario analysis, (Refer section Generating Scenario Analysis), click Print Quote.
For detailed information, refer to Printing a Quote section in Tools chapter.
The system assigns the information on the Scenario Analysis screen an application number. You can open this application on the Application Entry screen and view information from the Scenario Analysis screen at the following locations:
In the Underwriting screen, the Decision link’s Pricing and Approved sections display the details from the Scenario Analysis screen. You can modify the price chosen in the Scenario Analysis screen and re-price the application. If application has been repriced, the comments regarding the multiple offers on the Comment screen should be manually updated before approving the application.
In the Subvention sub tab you can review the subvention information from the application entry and calculate the subvention amount, as well as override the calculated subvention amount. The participant’s information is automatically populated based on the selected subvention plan.
The calculated Subvention details of the application created from Scenario Analysis is populated to Origination > Request > Subvention tab.
To complete the Subvention sub screen
A brief description of the fields is given below:
Field: |
Do this: |
Subvention Plan section: |
|
Plan |
Select the subvention plan. |
Description |
View the subvention plan description. |
Sub Plan Code |
Select the sub plan code from the drop-down list. |
Sub Plan Description |
View the subvention sub plan description. |
Subvention Type |
View the subvention type. |
Include |
Check this box to include this record in calculations on the Other Details sub section |
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 calculated Compensation details of the application created from Scenario Analysis is populated to Origination > Underwriting >Decision tab.
To complete the Compensation (Lease) sub screen
Note that, the compensation plan will use application information to calculate compensation.
The system loads the following information on the Compensation sub screen:
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. |
Calculation section |
|
Spread Formula |
View the compensation spread formula. |
Buy Rate |
View the approved buy rate. |
Factor |
View the compensation factor. |
Addl Factor |
View the additional compensation factor. |
Max Spread % |
View the maximum spread or percent allowed. |
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. |