Enhanced Funding

This request funds a loan using LoanPro's Enhanced Funding options.

General

LoanPro's Enhanced Funding tool allows you to fund a loan via multiple methods. If preferred, you can even use a Source Company to fund a loan. This tool is an update to the old Funding tool. The old method still works, but it will be phased out in the future. Here's what you need to know about this request:

  • LoanPro's Enhanced Funding tool helps lenders keep track of how they give money to their borrowers.
  • There are multiple methods for funding a loan, and the method field determines which is used.

For an example of how the Enhanced Funding tool works within the UI, take a look at our Enhanced Funding article.

Database

For information regarding enhanced funding database tables, see the following articles:

{
    "loanId": 2883,
    "customerId": "142",
    "sourceCompanyId": null,
    "categoryId": 1,
    "paymentAccountId": 188,
    "paymentProfileId": 188,
    "merchantProcessorGroupId": "1",
    "merchantTxProcessorId": "",
    "date": "2021-06-16",
    "amount": 10,
    "method": "loan.funding.method.deposit",
    "authorizationType": "loan.funding.auth.ccd"
}
{
    "loanId": 9118,
    "customerId": 1178,
    "categoryId": 1,
    "method": "loan.funding.method.cashdrawer",
    "date": "2023-01-01",
    "amount": 5
}
{
    "loanId": 9114,
    "customerId": "1183",
    "categoryId": 1,
    "date": "2022-09-14",
    "amount": 100,
    "method": "loan.funding.method.printcheck"
}

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Try It Instructions

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