We will also continue to reinforce our front-end code going forward page by page to optimize the performance of our application. This effort will take a little undertaking, the general UI won’t change but the performance will improve. Meaning that when you navigate from page to page to page or click on certain actions, you will notice an improvement in how the application responds to you.

And for our risk management community, our major feature of back testing capabilities will be made available in the coming weeks. What does this mean? You can run your brand new underwriting rules and strategies going back in time and LendAPI will rerun your old applications with the new underwriting strategy to give you a send of the new approval or decline rates. Given that all of the variables and attributes are available back in time.

Look into a more distant future, we will release A/B testing and Shadow Scoring capabilities to help you deploy newly minted strategies in grace. A/B testing will also allow you to test two different applicant experiences designed by Product Studio as well as underwriting criteria. Whereas shadow scoring will allow you to run your new algorithms in production mode but no decisions will be executed. This will let you track the effectiveness of your new decision trees without harming actual decisions made in production mode.

We are continuing to hire senior full stack developers to join our team. If you are the one or knows anyone with React and Python/Django skillsets, please email us at info@lendapi.com 

Here’s what’s really happening in v2.5.4

Overall Platform Updates

• We have a completely new UI design implemented throughout our platform. This is released in v2.5.4

• We fixed a minor One Time Password, OTP issue while logging into the platform. This is resolved in v2.5.4

Product Studio 

• Applicant Portal now has a function to email administrators through their portal. This will make communication between applicants and administrators easier and clearer. You can think of this as a two way chat. This is released in v2.5.4

Rules Studio

• We resolved some minor issues when clients are calling their decision trees via our APIs. This is resolved in v2.5.4

Pricing Engine

• No changes

Reports Studio

• No changes

Sub-Tenant Admin Features

• No changes

Integration Partners

• No changes

About LendAPI

LendAPI is the only digital onboarding platform for banks with a suite of Product Studio, Rules Studio, Pricing Engine, Integration Marketplace and Variable Library all working in concert on one platform. Follow us on Linkedin, X, YouTube and our “Two Minute Demo Video!”