This past week we launched a tribal lending platform with our partner Totality LMS and we couldn’t be pleased more with how our teams collaborated to serve our common client. We are on our way to launch more clients with these fine folks at Totality. This partnership has been incredible and we want to take this opportunity to thank everyone at Totality.

We signed on as one of the largest marine equipment financing companies in the world and we are proud to leverage our launch-your-self platform to digitize and underwrite hundreds of millions of marine equipment in an instant. We can’t wait to launch this client. This is what LendAPI is built for, quick launch and digitization.

We have been heads down launching clients and onboarding clients. To that end, we haven’t been publishing content, that will change. We will produce more podcasts and academy videos as well as blogs starting today.

On the platform front, we’ve been working hard on our decision engine and built even more intelligent routing paring with our Rules Studio. You can now execute complex waterfalls involving multiple third party data calls from a single page as opposed to multiple pages. This greatly reduced the complexity of our Product Studio and leverages our decision engine more. We call this Intelligent Routing and this is now available for everyone on the platform to enjoy!

If you are in Los Angeles this week, we are hosting LA FinTech Connect. This party will take place at Sorry, Not Sorry. Please register here. The days are getting longer so we will have plenty of time to mingle and talk about all things fintech. We have to thank our friend Seth Ross for organizing this incredible event. More than 120 people have already signed up and I hope to see you there!

We also hired an incredibly talented QA Engineer this past week and he is starting today. We have some incredible senior engineers in our California office that’s coming onboard in the next week or so. We will have a ton of talent right here in California to serve our growing customer base. We are incredibly blessed.

We also want to welcome our industry experts and advisors, Javed Maqsood and Kim Kim Gerhardt (Kevitch). We welcome them to our team.

LendAPI Partner Podcast

If you would like to come on to our podcast and have a snack sized mini-pod with our host Rutger van Faassen, please reach out to Rutger or us and we will get you scheduled. Today, we want to replay one of the early episodes with Ema Rouf, Co-Founder of Pave.    

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

LendAPI Academy

Lots of our clients and prospects enjoy our Academy episodes and we do as well. We are working on new episodes but here are a few that you should check out to learn the fundamentals about our platform. 

Instantly Access Third-Party Data – A Quick Guide

Setting up LendAPI

LendAPI FinTech Marketplace

We have several new marketplace members joining us and we are redoing all of the embedded images so we can proudly feature our marketplace member’s name and logo on their feature pages.

This week, we want to feature Totality LMS. We’ve launched a brand new client with Totality and the LendAPI and Totality team worked hand in hand to launch this new client. It was one of the fastest launches in history from Lead Generation to Loan Onboarding, we did it all in record time. 

LendAPI Career

We are looking for front end, back end and full stack engineers to join us. These jobs are listed right here on this career page. We have openings in our US office, India as well as Latin America. Apply now! 

LendAPI Platform Release Notes - v2.8.0

Overall Platform Enhancements

Rules Studio

• We’ve made some enhancements to the Application View page to display the description of the rules studio outcome so it is easier to understand for our clients administrative staff.

• We also created a new lighted path when you test a rule setup. The approved path will remain green and the declined path will be marked by a red colored path. This will help our clients to better understand the outcome of their rules when they are testing them using this visual aid.

• We added Intelligent Routing to our rules engine in collaboration with our Product Studio module. Previously, some of the complex rule routing was handled in page interactions within our Product Studio. We’ve since moved that complexity to the rules engine. If there are multiple decisions that need to be made behind a single page, we no longer need to use multiple pages to handle this complexity, the waterfalling of decisionings will be handled in the rules engine. We believe this is more intuitive and natural for users to manage the workflow as well as the rules engine routing when they are building complex business rules.

Product Studio

• We added a Progress Bar configuration at each page within the product studio. This gives the users maximum flexibility to let their applicants know exactly where they stand in terms of their progress within the application process. 

• We match the font family between the Product Studio content and internal LendAPI widgets so the application and the plug-ins’s font size and font family is consistent throughout the entire application.

• We are testing an upgraded feature into our Product Studio, we are calling into Product Studio Templates. The first template will be a Mortgage Point of Sale template where you can launch your 1003 application easily with this template. The template will build all aspects of the 1003 questions into an intuitive flow. This allows our users to launch products even quicker. We will promote this template feature into the product in the following weeks. We will also add additional templates as well for other products.

APIs & Third Party Data Management 

• We added a decisioning outcome field to the LendAPI Get Application API.

Errata

• We fixed an issue where variables can’t be added to the Contract Management templates. 

• Our Create Application API was returning an error, we fixed it.

• We fixed a conflict with timeout management and logout management. This is resolved.

• We resolved an issue where a client was trying to manually connect two notes together.

• We fixed a header issue within our Product Studio especially when viewing the previous version of the products.

• We resolved an issue within our Rules Studio that allows users to use negative values in rule programming.

• We fixed an issue where unpublished models were being used in rule programming. We fixed this issue.

What’s Next?

We are another week behind with our “Underwrite AI” module being released. This was due to multiple clients launching their platform and we needed time to coordinate with our loan management as well as third party partners. Lots of coordinated efforts were needed and we didn’t feel comfortable releasing this new tool without spending time to properly test this. 

“Underwrite AI” will only be available in our Scale plan. Please contact us if you would like a demo. The “Underwrite AI” product is also a standalone microservice where you can use it independently of our entire platform similar to our Product and Rules Studio.

About LendAPI

LendAPI launches your financial products instantly. Follow us on Linkedin, X, YouTube, and check out our Decision Engine, Product Studio, Embedded Financing Product, Marketplace, Academy, Podcast, Capital and our Weekly Newsletter.