Dear LendAPI family:

We made some major strides in v1.0. We launched our platform, implemented multiple versions of our Product Builder where our clients can build any pages with any fields along with document uploads, consents and document signing and so much more.

One of the major cornerstones of v1.0 is our decision engine. We’ve spent almost all of our time on the decision engine, we feel like it can do just about anything you throw at it. From defining variables of any kind to building rules with our visual decision tree builder, we are making our decision engine faster and more efficient. 

We’ve greatly improved our workflow manager where applications are being managed by lenders or lender’s partners. We’ve enhanced how banks and lenders onboard their merchant partners, how merchant partner disbursement happens.

We’ve launched a handful of clients as well. Some of them use our decision engine to make critical lending and underwriting decisions and some use our entire platform to onboard clients seeking credit card offerings, loans of any kind.

In v1.0, we also engage with some key clients such as TransUnion, Equifax, Prove, Plaid and many others that help all of our clients to get onboarded and go to market faster and cheaper. We thank our partners for working with us to extend their services via LendAPI’s digital onboarding platform.

Lastly, we can’t do this without our clients. We live and die by their feedback. We listen and we listen some more. We act fast and get issues resolved, product features released. Our singular goal is to make our clients more successful and let them focus on their business.

If you have any questions, please write to us. We are easy to find. Thank you. 

Now onto v2.0. Here’s our first release of our v2.x journey.

LendAPI Platform

• Incremented to 2.x candidacy. v2.0

LendAPI Merchant Onboarding and Management

• Merchant discount rate is now possible. v1.9.8

• Merchant discount rate calculation as part of Offer Engine. v.2.0

• Merchant disbursement via USAePay is now available. v2.0

LendAPI Product Builder Update

• We fixed an issue where the field name labels were too long. v2.0

• We fixed an issue where the default field is empty. v2.0

LendAPI Credit Decision Engine Update

• We fixed a bug where a list var type variable was not returning correctly. v1.9.8

• We greatly improved the Decision Engine API to include both Rules Engine outcome as well as Offer Engine outcome. This API takes PIIs and returns credit underwriting decisions as well as loan offers or credit line offers in one sitting. The decision rules as well as offer rules can still be configured and programmed using the LendAPI’s visual rule and offer builders v1.9.9

LendAPI Workflow Orchestration Platform

• We made a naming convention update and switched “Agreement” as the document type in lieu of “Offer. No other functionality changes. v1.9.8

LendAPI Third Party Integration

• We enhanced TransUnion’s Integration Partner page to include specific model number definition to make our client’s onboarding experience even better and more precise. v1.9.8

• We made Prove echoed information editable. Applicants can review and edit any fields before pulling credit. V1.9.8

• We made Plaid CRA available through an implementation of Webhook. V.2.0

• We have completed USAePay integration with fund disbursement functionality v.2.0

• We’ve completed full integration with Equifax (Models, Attributes, PDF). v2.0

LendAPI Bug Squad

• We fixed a TransUnion related empty timestamp crash scenario. v2.0

LendAPI Client Support Notes

• We helped a client to completely rebrand to a more a consumer friendly brand v2.0

About LendAPI

LendAPI is a DIY digital onboarding platform with a fully customizable product builder and an integrated graphical Decision Engine. LendAPI’s application workflow, sub-tenant management, third party integrations plus customer portal and communication methods is a complete end to end solution. It’s free to sign up at app.lendapi.com/signup.