Many lenders use collateralcollateral - Individual or company property securing repayment of a loan. This property may be forfeited in the event of a default on the account. Within LoanPro, you can secure a loan with up to 50 items of collateral or none at all. to secure their loans. Here's what you need to know about collateral:
- Up to 50 items can be collateralized on a single loan. Loans can also have no collateral.
Collateralobject is nested within the
For an example of how collateral works within the UI, take a look at our Add Collateral Information article.
For information on collateral database tables, see the following articles:
- Database – Collateral Entity (collateral_entity)
- Database – Collateral Field Entity (collateral_field_entity)
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—hit Try It to send the request.
However, 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.