Update loan funding information

PUT /Loan/{Id}/FundingInfo

Use this call to update loan funding information for a particular loan by adding an ID into your path parameter.

Request URL

https:// .../Loan/{ld}/FundingInfo

You can use this call to:

Funds can be sent as one net sum or in multiple disbursements. Arix automatically calculates the sum of the loan and adjusts the amount down (if necessary) so that no funds that exceed the approved loan amount are sent.

For detailed reference information on the loan attributes, see Loan attributes and parameters.

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Important

When you send a PUT call to update loan information, already processed rails and rails that are in the process of being funded aren't affected.

Sample request in JSON - PUT /Loan/{Id}/FundingInfo

In this sample request, we used this API to update the loan amount from $5,000 to $7,000. We called the endpoint, FundingInfoUpdate to view the updated amount of $7,000.

{
  "FundingInfoUpdate": {
   "Rails": [
         {
    "RailType": "RPPS",
    "Priority": 1,
    "Amount": 7000,
    "RPPSFields": {
      "BillerID": "132654654632135423452",
      "BillerName": "Anita Loan",
      "ConsumerNameAtBiller": "TestNameAtBiller",
      "ConsumerAccountNumberAtBiller": "5454546498195454"
    }
  }
    ]
  }
}

Sample response in JSON - PUT /Loan/{Id}/FundingInfo

After calling GET /LoanDetail/{Id} to see if the loan was updated, the updated amount shows.

"Rails": [
                {
                    "RPPSFields": {
                        "BillerID": "132654654632135423452",
                        "BillerName": "Anita Loan",
                        "ConsumerNameAtBiller": "TestNameAtBiller",
                        "ConsumerAccountNumberAtBiller": "5454543427795454"
                    },
                    "Id": "a974ce4a-e7b3-4310-bc2b-ac6900e79b1a",
                    "RailType": "RPPS",
                    "Priority": 1,
                    "Amount": 7000.0,
                    "LoanId": "ca485557-20c3-4a5b-b123-ac6900da4728",
                    "MPLId": "TST",
                    "IsFailed": false,
                    "LoanType": "Undefined"
                }
            ]

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