Arix V2.02-2
Release date: August 16, 2020
Release V2.02-2 delivers several bug fixes, infrastructure updates, and the new features listed below.
Loan Adjustment Actions
MPLs will be able to update Arix when a borrower makes a prepayment before a loan is moved to the loan servicer. Additional adjustments will be added in the future.
UpdateFundingInfoReq {
FundingInfoUpdate (FundingInfoUpdateDTO)
}
FundingInfoUpdateDTO {
Rails (Array[RailTransaction], optional)
}
RailTransaction {
ACHFields (ACHFields, optional),
AdjustmentActionFields (AdjustmentActionFields, optional),
MCFields (MCFields, optional),
RPPSFields (RPPSFields, optional),
XPayFields (XPayFields, optional),
RailType (string): RPPS, COSACH, COSACHSD, COSXPay, AdjustmentAction ,
Priority (integer): Order in which to process rails, starting from 1. ,
Amount (number, optional): Amount to process on this rail. Omission will attempt to process full balance. ,
IsFailed (boolean, optional),
LoanType (string, optional)
}
ACHFields {
StandardEntryClassCode (string, optional),
TransactionType (string, optional),
ToRoutingNumber (string),
ToAccountType (string, optional): checking or savings ,
ToAccountName (string),
ToAccountNumber (string),
Description (string): Min length 1, Max length 10, must be a constant value such as “Loan” or “Payment”
}
AdjustmentActionFields {
AdjustmentActionType (string),
ActionAmount (number),
Description (string): Min length 1 character, Max length 30 characters,
AdjustedLoanAmount (number, optional): Adjusted Loan Amount(if applicable) ,
AdjustedNetFunding (number, optional): Adjusted Net Funding(if applicable) ,
AdjustedOriginationFee (number, optional): Adjusted Origination Fee(if applicable) ,
AdjustedCurrentMonthlyPayment (number, optional): Adjusted Regular Payment amount(if applicable) ,
AdjustedMerchantFee (number, optional): Adjusted Merchant Fee(if applicable) ,
AdjustedFinalPaymentDate (string, optional): Date of last regular payment(if applicable) ,
AdjustedFinalPayment (number, optional): Amount of final payment(if applicable) ,
AdjustedFinanceCharge (number, optional): Finance charge paid by borrower(if applicable) ,
AdjustedTotalPayments (number, optional): Total paid by borrower after all payments are made(if applicable) ,
AdjustedAPR (number, optional): Adjusted Annual percentage rate. (if applicable)
}
RPPSFields {
BillerID (string, optional),
BillerName (string, optional),
ConsumerNameAtBiller (string, optional),
ConsumerAccountNumberAtBiller (string, optional)
}
XPayFields {
ToAccountName (string, optional),
ToAccountNumber (string),
Description (string): Min length 1, Max length 30
}