We have another heavy release with tons of new features and a brand new microservice which marks LendAPI’s entrance into the Mortgage vertical. We have a brand new 1003 application taking API as well as MISOM v3.4 and v3.6 file format output API.

If you ever want to resurrect your mortgage broker business and are looking for a new platform that can output the latest version of MISMO formatted files for your favorite mortgage banks, look no further. LendAPI Mortgage Microservices has your covered.

We also enhanced our tenant management feature further with the ability to assign underwriting rules and pricing algorithms to multiple tenants at the same time.

In the coming release, we will release Shadow Score mode which will complete our decision engine toolset offering as well as a brand new sign up flow which will require interested parties to enter their credit card information to be onboarded. 

Here are all the details in v2.6.1

Overall Platform Updates

• We released a 1003 Application to MISMO v3.4 format microservice. This is released in v2.6.1

• We released another 1003 Application MISMO v3.6 format microservice. This is released in v2.6.1

• We implemented database connection pooling. This increased our platform performance by 2x. This is now released in v2.6.1

• We fixed a minor issue with languages used in the platform. This is fixed in v2.6.1

Product Studio 

• We enhanced our physical store BNPL features to allow in branch personnel to create an invoice at the end of the shopping experience. This is released in v2.6.1

• We made some enhancements to how loan offers are selected by the applicant for a medical financing lender. This is released in v2.6.1

• We’ve made a few fields optional in a custom API for one of our point of sale financing clients. This is released in v2.6.1

• We made some minor changes to how Secured Card flow is done. This is released in v2.6.1

• We made some enhancements to the last page designed in the Product Studio. The outcome of these final pages will redirect, go to the customer portal or take no action at all. Thai is implemented in v2.6.1

• We made some enhancements to how currency is displayed in the product builder. This is released in v2.6.1

• If email is entered again in the later stage of the application process, the email field is updated. This is released in v2.6.1

• We added a reveal “eye” icon within the password field to reveal the password. This is released in v2.6.1

• We enhanced an exception process when the application fee is being charged. This is released in v2.6.1

Rules Studio

• Our clients can now assign the same underwriting ruleset for multiple tenants. Prior to these enhancements, it was one ruleset per tenant. When a rule is assigned to a tenant, it's no longer available to be assigned to another tenant. This is released in v2.6.1

Variable Studio

• No changes

Pricing Engine

• No changes

Reports Studio

• No changes

Tenant Admin Features

• No changes

Tools

• No changes

Integration Partners

• We made some enhancements to capture data returning from Pave.dev. Sometimes it takes a few seconds for the payload to return. This depends on the length of the banking history of the applicant. This is released in v2.6.1.

• We made some changes to languages used around Prove’s integration for a particular client. This is released in v2.6.1

• We linked a few APIs for a private bank implementation. This is released in v2.6.1

• We made a few enhancements to set up secured card flags for PSCU. This is released in v2.6.1

• We further enhanced TransUnion’s notice of adverse action language format. This is released in v2.6.1

• We released a configuration panel for Middesk. This is released in v2.6.1

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!”