We are headed from Big Pineapple to the Big Apple! Sam and I will be presenting in New York City as part of the Techstars Demo Day. Read more about it here. We will be pitching in front of 400+ technologies, journalists and venture capitalists at the heart at the Google New York City office! We are excited and can’t wait to see ya’ll there.

We have some new features that you will love in this release. We are able to call sequential third parties depending on the outcome of particular branches within a tree. Previously, only one third party integration partner can be called per tree regardless of the branch level outcomes. This feature grants a tremendous amount of flexibility to how sophisticated banks operate today.

And if you want to beautify content on each page within the product studio, we added rich text editing functionality within the Product Studio! 

We have also released a new Tool which we like to call “Shadow Scoring”. This gives the ability for Banks to run their new strategies in production without causing any actual outcomes to take place. This allows banks to do a full body test of their new strategies and new integrated partners without hampering production results before new strategies are introduced.

We have a tremendous amount of product features lined up before the end of this year and we can’t wait to unveil our new Mortgage Application built with our product studio which will work flawlessly with our 1003 microservice as well as our MISMO format API.

Here is what’s new in v2.6.2

Overall Platform Updates

• We implemented a new API for our clients to use which can delete Variables, Tenants and individual applications. This new API is now available in v2.6.2

• We are using caching for frequently used DB queries to speed up the platform further. This is released in v2.6.2

• You can see the application URL in the application list view now. This is available in v2.6.2

• You can view the Decision Tree(s) used in this application within the Underwriting portion of the application view within the application dashboard. This is released in v2.6.2

• We enhanced the Payment Schedule UI within the application dashboard. This is released in v2.6.2

• We made some minor changes to variable names being displayed longer than 60 characters. This is released in v2.6.2

• We resized the Test button in test mode. This is released in v2.6.2

• We made some UI changes to how Agreements/Contract are published into production. This is fixed in v2.6.2

Product Studio 

• General: We made some changes to the email OTP (one time password) verification flow. This is released in v2.6.2

• General: Sequentially calling multiple APIs from a single page within the application flow. For example, you can call an internal amortization API, then call Pave and call LoanPro all from one single button action from a single page. This allows the bank to fire off multiple events from a single user action. Previously, the platform could only call one microservice per page. This is released in v2.6.2

• General: We added a rich text editing function within the Product Studio itself. You can now beautify content on each page within the product studio. This is released in v2.6.2

• General: We provide a configuration tool for clients to change the Date field and whether this field can now take on dates in the past and future. This is released in v2.6.2

• General: We resolved an issue where the wizard can sometimes crash during test mode. This is released in v2.6.2

• General: Clients can configure the currency/money field. This is released in v2.6.2

• General: The platform now allows “0” to be entered in a certain Number field. This is released in v2.6.2  

• General: The Product names can be edited. This is released in v2.6.2

• Real Estate: We made changes to the broker portal for our real estate clients to make it easier for brokers to submit applications. This is released in v2.6.2

• Real Estate: We muted the broker application approval default process for a particular real estate financing client. They do not require this step. This is configured in v2.6.2 

• Real Estate: Private labeled clean up work for a particular client. This is configured in v2.6.2

• Real Estate: We made changes in how “State” drop down is displayed. This is configured in v2.6.2 

• BNPL: We made enhancements to application submission API for our Point of Sale financing clients. This is released in v2.6.2

• BNPL: We enhanced e-sign disclosures and US Patriot Act disclosures for our Point of Sale client. This is released in v2.6.2

• BNPL: We’ve made some enhancements to the logic which dictates Wisconsin applicants credit application notification process to their spouse. This is released in v2.6.2

• BNPL: We made enhancements on how applicants can view e-sign disclosures. This is released in v2.6.2

• BNPL: We made some fixes to the way applicants can download PDF files from their customer portal. This is released in v2.6.2

• BNPL: We made some changes to the rerouting logic whenever the applicant closes the application. This is released in v2.6.2

• Credit Card: We made some enhancements and reinforcements to check the deposit balance vs the secured card balance. This is released in v2.6.2

• Retail Stores: We added the ability for store personnel to download, print the agreement from the platform for the applicants to sign in person. This is released in v2.6.2

• Retail Stores: We made enhancements to the offer page for the store staff to easily read the approved up to amount for the customer in store. This is released in v2.6.2

• Retail Stores: We made enhancements to the offer page for the store staff to easily read the approved up to amount for the customer in store. This is released in v2.6.2

• Retail Stores: We made some changes to how applicants select their payment dates on the application. This is released in v2.6.2

• Retail Stores: We made enhancements on how invoices are generated by the retail staff from their dashboard. This is released in v2.6.2

• Point of Sale: We made enhancements for clients to configure Prove SMS messages. This is released in v2.6.2

• E-Commerce: We fixed some minor UI issues for this process. This is released in v2.6.2

Rules Studio

• We hosted a private underwriting model for one of the largest near prime lenders in the US. This is released in v2.6.2

• We made some UI changes to the decision tree API CURL dialog box. This is released in v2.6.2

Variable Studio

• We removed some unnecessary warning messages for variables created in support of Wisconsin state logic. This is fixed in v2.6.2

Pricing Engine

• No changes

Reports Studio

• No changes

Tenant Admin Features

• Subtenants can inherit all themes from the parent tenant. This is released in v2.6.2

Tools

• Shadow Scoring: Shadow scoring is now available. You can view the list of shadow score experiments, run these experiments and look at the results of these experiments within the Tools section of the LendAPI dashboard. This is released in v2.6.2 

• A/B Testing: You can now configure the amount of traffic you want to direct between champaign and challenger testing scenarios. This is released in v2.6.2

Integration Partners

• We fixed a TransUnion error which happens rarely. This is addressed in v2.6.2

• We integrated with Nova Credit. This is released in v2.6.2

• We cleaned up some Chirp related exception messages. This is fixed in v2.6.2

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 Studio all working in concert on one platform to help Banks and Fintech launch products in just a few clicks. Follow us on Linkedin, X, YouTube, LendAPI Podcast, Substack (Invite Only) and our “LendAPI v2.5.4 Platform Video!”