For certain leasing companies, brokers drive a large part of new client business; the lease application approval process is, therefore, particularly important. The LeaseWave® Broker lease analysis software system is designed to enhance the efficacy of the broker-lessor relationship. The leasing system allows each broker to be treated uniquely, taking into account the various factors that may dictate the application decisioning process.
The LeaseWave® Broker leasing analysis software system allows the lessor’s system administrators to dictate the level of decision automation required for each broker. An important component, for instance, is pricing. Pricing matrices and tables for each broker can be set up in the core LeaseWave® lease accounting software system such that they can be used by brokers. Formulas can also be set up, defined fully by the lessor.
Lessors can also use the LeaseWave® Broker system as a mechanism to share and provide credit information to brokers. Internal and external credit ratings (based on reports from credit-bureaus) can be set up. These ratings, once obtained, can be used to drive key application decisions.