LendAPI Platform Update - Model Runtime Service

After months of engineering and over a year of trial and error, we launched one of the most requested features by the most sophisticated banks and lenders under the run. The ability to host and run your own credit risk models is finally here.  

If you are building machine learning and AI credit risk models, you are most likely using Amazon Sagemaker, Python and other sophisticated credit risk modeling tools that can compile the models into a binary docker container.

But how to do run these brand new spanking models, wait no more, the newly launched LendAPI Model Runtime Service or Blackbox-as-a-Service is a self-serve model runtime service that you can upload, maintain your models all by yourself.

Upload your docker images or .pkl files from Python, define inputs and outputs from the model and off you go, you can access and start using the model in our Decision Engine with the powerful Rule Studio all at your fingertips.

This is a true game changer where your credit risk team can finally be free to create the latest IP filled models without having to impact your internal IT team and maintain costly infrastructure. And speaking of IP, since these models are compiled into binary code, your IP is secured and intact, even LendAPI can’t see what’s inside of these models.

Our platform v2.9.0 is packed with so much punch that we can’t hardly believe ourselves. We have a ton of new features to make our platform even more powerful with you in mind. Our commitment to a true DIY platform never weavers and scroll down to all the goodies packed with this release.

LendAPI Partner Podcast

We met a bunch of folks from Carrington Labs at Online Lenders Alliance’s Tribal Lending Conference in Tulsa, and it reminded me of this newly recorded episode with their leader. Check out this podcast and see what Carrington Labs has to offer in 2025.

LendAPI Partner Podcast with Jamie Twiss, CEO of Carrington Labs

We create a slack community for all of our friends to chat amongst themselves. Come and join our conversation and we would like to hear from you. If you want to connect with other fintech executives, please join our free LendAPI Marketplace Slack Community.

LendAPI Academy

We have new episodes but it’s still in the oven baking. Before they come out hot and fresh, please enjoy one of the older episodes recorded by Kay and processed by Chakresh. In this episode, Kay takes you through the newly updated Decision Engine and our world famous Rule Studio.

Exploring the Upgraded Decision Engine

There are tons of other episodes covering just about all aspects of our platform, you can watch them one by one here.

LendAPI FinTech Marketplace

We have onboarded new marketplace members from our allie Equifax to our FinTech Marketplace. Equifax and LendAPI has inked a historic agreement to deliver all of their commercial and consumer credit products through our LendAPI platform. We couldn’t be happier with this agreement and we are onboarding new equifax products daily. 

This week, we want to welcome Equifax’s PayNet and Equifax’s full commercial bureau to our marketplace. Lenders of any kind now enjoy accessing these tools right away through our platform.

We have Equifax’s The Work Number ready to go as well. They will join our marketplace soon but this unique Income and Employment verification tool is available now! 

LendAPI Platform Release Notes - v2.9.0

Model Runtime Service - Blackbox-as-a-Service

• Our Model Runtime Service now allows lenders and banks to upload model files such as docker images, amazon sagemaker or .pkl files directly into the platform without exposing their secret sauce.

• You can upload these models directly into a dynamically generated S3 storage and the input and output will automatically populate into the administrative panel. 

• The model runtime output will be made available in real time in our Rules Studio. You can write any types of rules using outputs from the newly uploaded model.

• (New) Leads Module

• We’ve created a new Leads Module for us to manage all of the leads level activities separately from the underwriting section of the platform. This will allow us to do more in the lead filtering stage of the application. In the future, we will add more features, more controls and more reports to this section of the platform and give our users more control.  

Platform Environment - Upgrades

• Adding Celery into the sandbox environment which will allow users to access high-end features such as shadow scoring mode and mimic production environment more closely. Also, email configurations will also mimic the production environment as much as possible.

• Within the Tenant section of the platform and within the User section of that section, we added a new column to indicate the role of each user.

• We made some enhancements to all the Toast Messages to be more consistent across the board. We also removed LendAPI logo in 404/500 error pages to let our clients to have an even more private labeled experience. 

• Product Studio - Upgrades

• We made an enhancement to the AutoPay widget within the product studio to let users define a payment type and other characteristics to allow us to calculate the amortization schedule more accurately. 

• We made some enhancements to the editing mode which will allow users to edit products which are already submitted into production. We will keep the versioning intact, don’t worry.

• We made some UI enhancements in the product studio to make the content more reactive. 

Integrated Partners - Updates

Equifax’s The Work Number is now live on the platform! This incredible one of the kind Employment and Income verification tool lets lenders and banks retrieve income and employment verification without having to ask the users to log into their bank account like other permission based tools. The Work Number from Equifax is available today.

Model Studio - Upgrades 

• You can nest derived variables into another derived variable. We had to disable this functionality for performance issues but we resolved those issues and it’s turned back on.

• We added an UI element such as gradient blur to make the modal pop ups look better. We also added more fields when you create a new variable inside the Model Studio’s Add Variable user experience.

• We made some UI enhancements to the breadcrumbs within the Derived Variable UI. We also improved the Toast Message when a new variable is updated to make it more noticeable for the author.

• We replaced some toggle actions to buttons where appropriate. We also removed the scrolling function within certain modals to make it more visually appealing. We also made the Test Button to save the variable as well to save a step and get to testing quicker.

• We made the search function within the model studio universal so it will search everything. We also added $ to fields that’s missing the currency symbols.

KYB - Upgrades 

• We made some changes to the Add to Portfolio modal. We also added some UI features to make links that are clickable more visible with an underline.

• We made the entire KYB search tile clickable. 

What’s Next?

We will release a new version of the Agent View or we call it Applications. This new view will be more configurable and customizable. This will give each lender their own custom way of looking at their applicants. They will have the ability to configure it to display whatever data to the CSRs and Underwriters as they please.

We’ve also undertaken another platform upgrade where we are upgrading the linkages between the front end UI and backend database. This will greatly improve the responsiveness of the platform whenever you are interacting with the platform via the user interface. This project has been going for a while now and we are replacing these interconnecting pieces one by one and we will hopefully be able to release them in the coming weeks. The improvement will be noticeable to some of our users immediately upon the release of this platform upgrade.

About LendAPI

LendAPI launches your financial products instantly. Follow us on Linkedin, X, YouTube, and check out our Decision Engine, Product Studio, Underwrite AI, Embedded Financing Product, Marketplace, Lender Marketplace, Model Runtime Service,  Academy, Podcast, Capital and our Weekly Newsletter. Introducing our new community LendAPI Marketplace Slack Channel.

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