What’s New
- We updated the
loan_status_archive
database table to include a newcurrent_interest_rate
column that stores a loan’s current interest rate. This rate is updated daily during LoanPro’s Daily Maintenance process, and it considers the loan setup rate, schedule roll configuration, interest rate changes, and interest suspensions. - We added the ability to track, accrue, and redeem rewards points as credits on line of credit accounts within the UI and via the API. Rewards accrual configuration is customizable and can be set at the program level—allowing you to determine accrual rates and whether accrual accumulates on purchases, payments, or both. To begin offering rewards to your borrowers, reach out to your LoanPro representative.
Bug Fixes
- We fixed an issue wherein recurring charges were not being applied to line of credit accounts when expected. Previously, recurring charges that use “Payment Reversed” or “Swipe Created” event types as a trigger were not always resulting in a charge being applied to a qualifying account. Now, all recurring charges are applied to line of credit accounts as expected.