Learn how to read the new TurboPass Bravo reports
COVER PAGE
1. TurboPass Proprietary Code
2. Consumer / Applicant Name
3. Report Date Start / Finish
4. *Data provided by the financial institution
- Name
- Address
- Phone #
5. TurboPass Proprietary Code
6. Input Fields Provided by Consumer
- First / Last Name
- Phone # (generally cell number)
7. *Output data provided by the Financial Institution
- First / Last Name
- Phone # (generally cell number)
- Report Period (in days)
- Requested By (Dealer / Lender)
- Requested Date/Time Stamp
8. List of any / all accounts reporting on Banking (Bravo) Report
9. A link which directs customers on how to read the improved Bravo Banking Report
⭐CASH FLOW SUMMARY⭐
1. Account Details: Provided by the financial institution.
Includes:
- Customer Name
- Account Number (last 4)
- Account Type (checking / savings)
- Account Owners: Joint ownership will
be included in this section
2. Quick View: Provides a high-level overview of the consumer’s financial position in that specific account. Two (2) data points are
included: - Total deposits (all deposit types) in the
last 90 days
- Average monthly deposits (all deposit
types) in the last 90 days
3. Baseline: Calculated as days 31-120 divided by 3.
4. Primary Deposits: ⭐These deposits are considered by most lenders as the customers primary income⭐ They are broken into 3 categories:
1) General Deposits – All deposits, expect ATM / P2P / Internal Transfer / Refunds / Credits / Loan Advances
2) ATM Deposits – Cash / check deposits made at an ATM 3) P2P Credits – Credits issued via Zelle, Venmo, etc.
5. Other Deposits: These deposits are NOT considered by most lenders as income. They are broken into 3 categories:
1) Internal Transfers – Credits resulting from movement of funds across multiple accounts owned by the customer
2) Refunds / Credits – Credits issued which can be classified as one-time payments such as Tax Refunds or any gov’t issued refunds
3) Loan Advances – Credits received resulting from loan payments from financial institutions
6. Insights 1) Days Negative – # of days the account was in a negative position during a specific period. 2) Overdraft / NSF Fees – # of times a fee was issued due to Overdraft and/or NSF during a specific period. 3) Withdrawals – total debits during a specific period 4) Net - Total Deposits minus Withdrawals 5) Average Balance – Average balance maintained in the account during a specific period. Calculated by averaging the Total Deposits minus the average of Withdrawals.
TRANSACTIONAL ACTIVITY - Itemized Debits & Credits
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