Lending
Create a Line-of-Credit (LOC)/ Draws
1 min
to operate loc loans or loans with multiple draws, or to enable you to buy draws , you need to implement the current process unique loan number when calling arix for the first time (loc opening or first draw ) the field loannumber = \<loan number> on subsequent loans the field loannumber = \<loannumber> yyyymmdd (add mmss if needed to make more than one draw per day) oversight we perform oversight checks when the loc is opened or on the first draw when calling arix for the first time, the json in field5 should contain the following { "revolvinglinefirstappearance" "yes", "revolvinglineguid"\ null, "revolvinglinebalanceasofwhencallingcrb"\ null the field rails should be \[] for subsequent draws, the json in field5 should contain the following { "revolvinglinefirstappearance" "no", "revolvinglineguid" "guid from origination/first appearance, "revolvinglinebalanceasofwhencallingcrb" "$123" } field rails should contain the payment rails to be funded netfunding rule true false 287false unhandled content type false unhandled content type draw rule true false 280false unhandled content type false unhandled content type the information provided on subsequent draws has to be current for example if there is name change, cr expects the draw to have the updated name if there was a material change, such as a credit report was pulled (say on annual cadence), you must provide the updated credit report and treat the loan as a first appearance so that we can check all the details