11. Scenario Analysis

11.1 Introduction

With the Scenario Analysis screen, you can simulate the customer’s Line of credit request Line of credit amount, rate and create a mock proposal in Line of credit 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.

11.1.1 View an Existing Scenario Analysis

You can view a previously generated scenario analysis by inquiring through the identification code,

To view an existing scenario analysis

  1. Click Origination > Origination > Scenario Analysis. The Scenario Analysis screen is displayed in the main window.
  2. Either specify the identification code of a previously generated scenario analysis in the Inquiry Id field, or select the identification code from the adjacent drop-down list.
  3. Click Show Details.

11.1.2 Generating Scenario Analysis

To generate a scenario analysis

  1. Click Origination > Origination > Scenario Analysis. The Scenario Analysis screen is displayed in the main window.

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.

Email

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.

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.

  1. In the Calculator section, you can specify the details of various Parameters.
    For detailed field information, refer to Calculator section in Tools Chapter.
  2. After you have specified all the required details, Click Save And Stay or any other required save option. For more details on save options, refer to ‘Basic Actions’ section in Navigation chapter.

The system auto assigns an identification code to your calculations on the Scenario Analysis screen.

11.1.3 Auto Suggest Pricing for the Scenario Analysis

The Scenario Analysis screen provides an option to calculate and display the Pricing based on previously generated scenario analysis details.

  1. In the Scenario Analysis section, specify the required information to generate scenario analysis and save the details. (Refer section Generating Scenario Analysis).
  2. click Suggest. The system displays the Pricing details.

11.1.4 Creating an Application from the Scenario Analysis

To create an application from the scenario analysis

  1. Specify the required information to generate scenario analysis. (Refer section Generating Scenario Analysis)
  2. Click Create App.

11.1.5 Generating a quote 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.

11.2 Viewing Information from Scenario Analysis

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.