Enhanced Funding

This request funds a loan using LoanPro's Enhanced Funding options.

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LoanPro's Enhanced Funding tool allows funding a loan via multiple methods. If preferred, use a Source Company to fund a loan. This tool is an update to the old Funding tool. The old method still works, but it will be phased out in the future:

• LoanPro's Enhanced Funding tool helps lenders keep track of how they give money to their borrowers.
• There are multiple methods for funding a loan, and the method field determines which is used.

For an example of how the Enhanced Funding tool works within the UI, take a look at our Enhanced Funding article.

Database

For information regarding enhanced funding database tables, see the following articles:

• Database – Enhanced Funding (loan_funding_transaction_entity)
• Database – Funding Category (funding_category_entity)

Funding a Customer's Bank Account

{
    "loanId": 2883,
    "customerId": "142",
    "sourceCompanyId": null,
    "categoryId": 1,
    "paymentAccountId": 188,
    "paymentProfileId": 188,
    "merchantProcessorGroupId": "1",
    "merchantTxProcessorId": "",
    "date": "2021-06-16",
    "amount": 10,
    "method": "loan.funding.method.deposit",
    "authorizationType": "loan.funding.auth.ccd"
}

Funding From a Cash Drawer

{
    "loanId": 9118,
    "customerId": 1178,
    "categoryId": 1,
    "method": "loan.funding.method.cashdrawer",
    "date": "2023-01-01",
    "amount": 5
}

Funding with a Physical Check

{
    "loanId": 9114,
    "customerId": "1183",
    "categoryId": 1,
    "date": "2022-09-14",
    "amount": 100,
    "method": "loan.funding.method.printcheck"
}