11.2.2 Compensation Sub Tab

This topic provides information on compensation.

The Compensation (Loan) sub tab records and displays the terms of compensation between the finance company and the dealer for Loan transactions.

Note:

• 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, click Underwriting. Under Underwriting, click Decision tab.

To complete the Compensation (Loan) sub screen

1. On the Origination, click Origination. Under Origination, click Scenario Analysis. Under Scenario Analysis, click Compensation.
2. System load the compensation plan details.

   Note: 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	Description
   Compensation	Displays the compensation section.
   Compensation Plan	Displays the compensation plan.
   Disbursement Method	Displays the compensation payment method.
   Calculation Method	Displays the compensation calculation method.
   Chargeback	Displays the chargeback section.
   Paid Calc Method	Displays the charge back calculation method (early payoff).
   Paid %	Displays the charge back percentage (early payoff).
   Paid Basis	Displays the charge back basis (early payoff).
   Paid Term	Displays the charge back term (early payoff).
   Paid Days	Displays the charge back days (early payoff).
   Chg Off Calc Method	Displays the charge back calculation method (charge off).
   Charge Off%	Displays the charge back percentage (charge off).
   Chg Off Basis	Displays the charge back basis (charge off).
   Chg off Term	Displays the charge back term (charge off).
   Chg off Days	Displays the charge back days (charge off).
   Calculation	Displays the calculation section.
   Spread Formula	Displays the compensation spread formula.
   Buy Rate	Displays the approved buy rate.
   Factor	Displays the compensation factor.
   Addl Factor	Displays the additional compensation factor.
   Max Spread %	Displays the maximum spread or percent allowed.
   Upfront %	Displays the upfront compensation percentage.
   Flat Amt	Displays the flat amount.
   Upfront Comp Amt	Displays the compensation amount paid upfront.
   Rem Comp Amt	Displays the compensation amount remaining.
   Comp Amt	Displays the compensation amount.

3. Perform any of the Basic Actions mentioned in Preface.