So what’s in v2.3.3? 

We’ve launched our first LendAPI Microservice, LendAPI Amortization API. How does this work? There are two ways to interact with this API. 

The first way is through our Product Studio. Say that you’ve built a few pages to collect applicant’s information and after you run your underwriting and pricing decisions, the system will have all of the offer parameters (amount, duration and interest rate) saved through the customer journey. You can then launch the amortization microservice in the Product Studio and feed these parameters into the amortization microservice to populate details in the loan contract of promissory note!

The second way of interacting with this new API is to through the traditional way and get the results from sending input parameters through this new microservice. More details can be found here: https://lendapi.readme.io/reference/lendapi-amortization.

Here are our release notes in v2.3.3

Overall Platform Updates

• We released our first microservice for amortization calculation that feeds loan contracts and promissory notes. You can use it in the Product Studio and call this service as if you are calling any other third party services using the Product Studio interface. You can also call this API through the more traditional ways. This microservice is now available through v2.3.3.

• We resolved a small issue where Documents weren’t downloaded from the applicant's journey. This is now resolved in v2.3.3.

• We resolved an issue with the welcome email whenever an administrative user is being added by our clients within their own install. This is resolved in v2.3.3.

Product Studio 

• We cleaned up some required field warning messages on page load. This fix was released in v2.3.3.

• Each tenant (e.g CUSO’s bank affiliates) has the ability to display specific credit card images. This feature was released in v2.3.3. 

Decision Studio

• We added a Lead_ID as an unique lead tracking identifier for a private customer. This is now available in v2.3.3.

• We fixed a bug where there could be a regular Rule Node without a Child Node to initiate a decision action. This fix is in release v2.3.3.

Pricing Studio

• We introduced a new primary key such as UUID in the pricing studio. So could literally have an unique pricing offering/strategy per customer going forward by this unique identifier. This enhancement is in v2.3.3.

Reports Studio

• No changes

Sub-Tenant Admin Features

• No changes

Integration Partners

• We resolved a request issue for our integration partner TransUnion. This rarely happens but we resolved it in v2.3.3.

About LendAPI

LendAPI is the only digital onboarding platform for banks with a suite of Product, Pricing and Rules Studio working in concert all in one platform. Follow us on Blog, Linkedin, X, YouTube.