LoanPro's Quick Quote feature allows users to calculate the entire life of a loan without committing to saving and activating the account. This tool is useful for providing comprehensive quotes to borrowers without incurring the potential costs of deleting and archiving accounts. Note the following when converting Quick Quote accounts into live accounts:

Converting a Quick Quote does not activate the account, allowing final loan term adjustments to be made before activation. To finalize the loan, send follow-up requests to PUT update loan setup values and PUT activate loan.

Once a Quick Quote is converted, it cannot be set as temporary again. However, loan accounts can be archived using the PUT archive loan request.

For an example of how converting a Quick Quote works within the UI, take a look at our Quick Quote article.

Database

For information regarding loan database tables, see the following articles:

Database – Loan Table (loan_entity)

Database – Loan Setup (loan_setup_entity)

Database – Loan Settings Entity (loan_settings_entity)