15.1.3 Compensation Plan

This topic describes the information about the compensation plan.

The Compensation Plan sub screen displays information related to compensation and chargeback for the producer. It displays summaries as well as account level information. The data is gathered from relevant applications and accounts in the system that are approved and funded.

  1. On the Origination, click Origination. Under Origination, click Producers. Under Producers, click Payment Details. Under Payment Details, click Compensation.
A brief description of the fields in the Compensation Plan sub screen is given below:

Table 15-3 Compensation Plan

Field Description
Account/Application Displays the account/application number and title.
Compensation Plan Displays the compensation plan defined for the producer.
Upfront Amt Displays the Upfront Amount defined for the producer.
Remaining Amt Displays the remaining amount for the producer.
Total Amt Displays the total amount defined for the producer.

In the Loss Reserve section, view the loss reserve amount.

User can view additional details of the Compensation Plan, Chargeback Methods, and Compensation/Chargeback Amounts in the sub screen.