In subsequent releases, we will allow clients to upload their fraud and risk models directly into the LendAPI Platform and define inputs and outputs with a unique user experience, please stay tuned.

We are also hard at work on our brand new Product Studio which will make building products easier with more intuitive tools and layouts. We’ve been working on this for a long time and we will release this as soon as it becomes available.

We’ve also integrated with a brand new Loan Management System, Answers Etc. Answers has been around for a long time and it’s one of the most trusted LMS systems out there. We are happy to partner with them to drive more clients in the subprime and near prime space.

If you would like to join our Partner Podcast and as a guest of our LendAPI Academy as well as our LendAPI Marketplace, please write to us at info@lendapi.com.

Blogs, Educational Content and Podcasts:

LendAPI Partner Podcast: 

We are bringing you two episodes of LendAPI Partner Podcast. These five minute episodes are packed with first hand accounts of how these partners work and how they solve critical issues in our industry. Please enjoy:

LendAPI Partner Podcast with Ema Rouf, Co Founder and President of Pave

LendAPI Partner Podcast with Jose Plehn CEO and Founder of BrightQuery

LendAPI Academy: 

Decision Engine - Part 3 - Connecting Complex Decision Trees: We expand our mortgage loan decision tree by adding new branches for occupancy type, LTV checks, and advanced criteria for secondary residences. Learn how to connect decision trees for seamless approval and decline outcomes.

Decision Engine - Part 4 - Building Dynamic Mortgage Loan Offers: In this episode, we dive into LendAPI’s Pricing Engine to create dynamic offer tables for mortgage loans. Learn how to map variables, set conditions, and generate tailored APRs based on user inputs like income, FICO score, and occupancy type.

Decision Engine - Part 5 - Connecting Trees, Tables, and Expressions: In this episode, we finalize our mortgage loan product by integrating rules from the Decision Engine with data from the Pricing Engine to create dynamic term sheets. Learn how to connect all components, calculate APRs, and deliver user-specific loan details.

Decision Engine - Part 6 - Mastering Decision Trees for Mortgage Loans: In this instructional video, we dive into the process of integrating multiple rules and pricing engines to finalize decision-making for a mortgage loan. You'll learn how to streamline complex workflows by connecting various decision trees into a single product.

If you are interested in more details in our v2.7.2 v2.7.3, write to us at info@lendapi.com. Here are some highlights:

Introducing Model Studio

One of the first pain points we solved for FinTechs is the ability to design your models with an intuitive user experience.

Having worked in banks and fintechs ourselves, one of the biggest challenges is to work with the risk and tech team for risk management related priorities. These requests are always forgotten and deprioritized. This causes animosity between the teams and worse uncontrolled credit losses and eventually leads to an undesirable outcome for the entire company.

In our new Model Studio, you can deploy and test new custom variables, models and implement full mathematical and logical expressions. Some of our customers have already deployed their full on regression models right inside our model studio. 

No longer will our clients need to spend months or years to create variables and implement models. It all can be done within a few minutes from build to launch. We are pleased with all the new features such as customs model versioning from the previous releases to keep compliance in mind when custom models are being constructed. 

Pricing and Product Upgrade Flow

We implemented a new way to upgrade to a higher plan if you are planning to use new features that only exist in a different pricing plan. One of the ways to upgrade is when you create a new product in the Product Studio. 

The new prompt will give you an opportunity to unlock products that’s not available in your current plan. You can follow the instructions to upgrade and unlock the new products you want to build.

You can also upgrade within the Billings section of the platform. Keep in mind that if you are using a credit card, you will be upgraded instantly, and a few more days if you are using ACH as your payment method. 

Speed and Flexibility

We made a few systemic emails into templates which you can edit the way our client wants them. These new templates and flexibility have been deployed. 

We also made some fundamental changes into how documents are being generated in the user experience. These documents are now being generated a whole lot faster now than it was before. We will make these documents display into native HTML format as opposed to a PDF file. But PDF files will also be available to be downloaded.

Google Tag Manager Widgets

We added Google Tag managers such as GeoLocation and Google Place into our platform for our online and store clients to track where their applications are coming from. These two Widgets are now available in the Product Studio and you can add these tags to any page as you wish as a plugin.

Loan Management System Partner Integration

We’ve completed our Answers Etc. integration. Answer has been a stalwart LMS system in the subprime and near prime industry and we couldn’t be more pleased to welcome to our LendAPI Marketplace as well as a platform integration partner. We will bring our first common client online shortly.

We’ve also tightened up a few platform to platform integration endpoints with TotalityLMS to make sure both platforms are communicating with common applications across platforms. 

About LendAPI

LendAPI is a venture backed fintech builder launching any financial products in minutes. Follow us on Linkedin, X, YouTube, and check out our LendAPI FinTech Marketplace, LendAPI Academy, LendAPI Podcast.