Add Escrow Calculator

This request lets you add an escrowescrow - Functionality that is designed to let you add additional amounts to regularly scheduled payments that don’t apply to any other parts of the loan such as interest, principal, discount, or fees. Adding escrow to an account is similar to adding an additional fee to each payment. calculator to a loan.

General

This request allows you to add an Escrow CalculatorEscrow Calculator - Tool within LoanPro that is designed to help you compute the per-period escrow amount for a loan account in the loan setup section. to a loan. Here's what you need to know:

  • Since Escrow Calculators are a part of a loan's setup terms, they can only be added to loans that are not activatedactivated - Activating an account will cause the calculations on the loan to take into account actual dates and payment history. An account that hasn’t been activated exists in an abstract piece of time with no sense of past or future..
  • Escrow Calculators use Escrow BucketsEscrow Buckets - System for classifying escrow on an account with three main sections: transactions, adjustments, and settings. Escrow buckets can be created in Settings > Loan > Escrow > Buckets.. You will need to create one before adding a calculator, but you can do so via the API.

For an example on how the Escrow Calculator functionality works within LoanPro's UI, take a look at our Escrow Calculator article on our help site.

Database

For more information on escrow calculator database tables, see the following articles:

{
    "EscrowCalculators": {
        "results": [
            {
                "subset": "1",
                "term": 36,
                "total": 150,
                "percentBase": "loan.escrowPercentBase.loanAmount",
                "proRate1st": "loan.escrowProrateFirst.full",
                "extendFinal": 0,
                "disclosureLnAmtAdd": 0,
                "paymentApplication": "loan.escrowpmtapp.percentfixed"
            }
        ]
    }
}

📘

Try It Instructions

Our requests often provide sample payload information so that you can receive a 200 response from simply hitting the Try It button. This request is ready for you—expand the object by clicking the "+" symbol and hit Try It to send the request.

If you would like to try this request with your own tenant account, make sure to change the headers to match your own authentication information.

Language
Authentication
Click Try It! to start a request and see the response here!