Akcelerant Framework Administrator Guide - Collection
Vendor Management
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System Administration Guide > Lending > Vendor Management

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Vendor Management

Navigation to Vendor Management: System Management>Lending>Vendor Management

 

Vendor Management allows the administrator to create and manage a list of Vendors/Dealers that the financial institution does business with. This list may include dealers associated with Indirect application sources (e.g.: CUDL, Dealer Track, RouteOne) and/or vendors/dealers who submit applications directly to the financial institution (e.g.: via fax or at a branch).

ShowCreate a Vendor

To create a new vendor, click Create.

ShowGeneral Tab

  • Enter in the required information.
  • Verify the Active box is check.
  • Assign the applicable vendor type(s) from the available vendor types list.

 

ShowChannels Tab

The Channels tab allows the user to set the channel specific information for the dealer. 

Below is a detailed list of the field names and the definition of the fields.

Field Name Details
Vendor Channel # The specific vendor ID number that may be associated for that specific channel.
Status

The current status of the dealer for that channel. Select an appropriate status from the dropdown list by double clicking in the field:

  • Active
  • Inactive
  • Watch-List – this option is generally used if you have had issues with the vendor/dealer and want to look more closely at their applications.
  • Blacklist - typically used if you have had issues with the vendor/dealer and no longer do business with them.
License Number Provides the ability to track license or agreement number.
License Effective Date The date in which the vendors license became effective.
License Expiration Date The date in which the vendors license will expire.
Fee Type

Select an appropriate fee type from the dropdown list by double clicking in the field:

Flat Fee dealer is paid a set dollar amount per loan.  

Percentage of Loan Amount dealer is paid a percentage of each loan.  
Flat Fee Field becomes enabled if Flat Fee is selected as the fee type. Enter the dollar amount to be paid per loan to the dealer.
Fee Percentage Field becomes enabled if Percentage of Loan Amount is selected as the fee type. Enter the percentage to be paid per loan to the dealer.
Minimum Fee Amount Enter the minimum fee that would be paid to the vendor.
Maximum Fee Amount Enter the maximum fee that would be paid to the vendor.

 

ShowVendor Management Search Options

Search allows the administrator to search the entire Vendor List by vendor name (full name or partial name). Click Search on the Vendor Management screen.

 

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