March 2021
about 3 years ago by Doug
Release notes
New Products
- SMB lenders can now integrate with Middesk through the Ocrolus API so that they can get firmographics data on their loan applicants and make decisions around underwriting, KYC, KYB, and fraud prevention. For more information, see business verification.
Enhancements
- Customers can now see mixed documents in book/status and book/info. Customers can now track a mixed document’s REJECTED status for corrupt PDFs. (Relevant API Docs: Book Info, Book Status, Mixed Document Status, Book Classification Summary, Mixed Doc Classification Summary)
- Clients will now have access to improved paystub income calculations so that they can make more informed underwriting decisions. For more information, see pay stub income.
- Pay from overlapping paystubs is now aggregated correctly
- Bonus calculation is more accurate
- SMB lenders now have access to improved MCA recurring transactions data (eg. they now account for weekends) so that they can make more informed underwriting decisions. For more information, see bank statement analytics
- QM lenders now have access to the “intermediary” calculations via the returned JSON object in the API in order to select a “non-default” result or just to gain confidence in the results produced.
- QM lenders now have access to traditionally employed income calculations broken out by current place of employment in order to fill out the new 2020 URLA correctly.
- Consumer lenders now receive an error message when they run paystub income calculations on paystubs that have been anonymized in order to make it clear that it isn’t possible to do that. For more information, see pay stub income.