With the Scenario Analysis screen, you can simulate the customer’s request amount, rate and create a mock proposal in 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
Field |
Do this: |
Inquiry Id |
View the inquiry identification code. |
Application # |
View the application number. |
Company |
Select the company from the drop-down list. |
Branch |
Select the branch from the drop-down list. |
Product |
Select the product from the drop-down list. |
Agreement Type |
View the agreement type auto populated based on the product selected. |
First Name |
View/specify the first name. |
Last Name |
View/specify the last name. |
Phone |
Specify the phone number of the applicant. |
Specify the email address of the applicant. |
|
Producer Type |
Select the producer type associated with the product from the drop-down list. |
Producer Name |
Select the producer associated with the product from the drop-down list. |
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 Class |
View the asset class. |
Asset Type |
View/select the asset type. |
Asset Sub type |
View/select the asset sub type. |
Make |
Specify the make of the vehicle. |
Model |
Specify the model of the vehicle. |
Promotion |
Select the requested promotion. |
Pricing |
View the pricing if applicable. |
Billing Cycle |
Select the billing cycle schedule. |
Instrument |
Select the instrument. |
For detailed field information, refer to Calculator section in Tools chapter.
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.
You can create the amortized schedule for the selected scenario analysis, The system computes the and displays the amortized schedule under Amortization Schedule tab
To create an amortized schedule for the scenario analysis
The system uses the calculated payment data to complete the Amortization Schedule section and displays the following information:
Field |
View this: |
Seq |
Payment number. |
Pmt Dt |
Payment date. |
Pmt Amt |
Payment amount. |
Principal Amt |
Component of the payment amount allocated towards reduction of the principal balance. |
Interest Amt |
Component of the payment amount allocated towards reduction of the interest balance. |
Balance Amt |
Remaining principal balance. |
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.