TurboPass banking reports can now optionally generate using the most recent 90-days of consumer financial data, excluding data older than 90 days. 120-day Bravo reports are still the standard timeframe.
Who has access to the new functionality?
Only subscribers signed directly through the TurboPass dashboard will be able to use the new feature. For those subscribers aren’t signed up directly, using TurboPass inside of DealerCenter or another partner platforms, they will have to transfer their subscription to be directly with TurboPass. Dealers signed up directly with TurboPass still maintain their ability to use our integrations in our DMS partner platforms. To sign up directly with TurboPass, call 855-667-8477. For lender policy questions, ask your lender representative.
Why did TurboPass add this new feature?
We continually improve our products based on feedback from our subscribers and lender partners to give better credit cards turn declines into approvals avoid fraud and buybacks and to fund faster. In the auto finance space, some lenders were interested in seeing a more traditional length of data instead of our default 120-day overview.
What’s the difference between 90-day and 120-day Banking reports?
Bravo Banking reports by default generate using 120-days of financial data. The report can now alternatively only consider the most recent 90 days. This helps users have control over their consumer’s verification document. Some lenders will prefer to receive 90-day reports while others will continue to prefer our default 120-day, while others will accept either. Speak with each of your lender reps to understand their preferences.
For inviting new consumers, you can then choose 90-day report option here on the “Select Reports” screen. (Shown Above)
To convert a 120-day Bravo report to a 90-day report and vice versa, users will click the triple-dotted button and choose “Convert to 90-Days” or “Convert to 120-Days”. The new report will generate above the original
⚠️DISCLAIMER⚠️
SOME LENDERS, LIKE WESTLAKE FINANCIAL WILL ONLY ACCEPT 120 BANKING REPORTS. OTHER LENDERS WILL ONLY ACCEPT 90 DAY BANKING REPORTS.
PLEASE CONFER WITH YOUR LENDER REPRESENTATIVE ABOUT THEIR TURBOPASS POLICY