API Calculator
Calculate amortization schedules with extreme precision, all through LoanPro's modern API.
LoanPro's LMS is built upon a robust calculator that can instantly calculate full terms for virtually any loan scenario. That same powerful calculator can also be embedded in your own tools, allowing you to generate and provide offers to applicants, calculate payment schedules, and more.
LoanPro's API calculator is designed as a stateless service that operates independently of the LMS database—removing the need to retrieve or store loan data within a specific environment. This setup allows you to deliver near-instant loan offers within your own application to prospective borrowers without needing to create a new loan in the system, leading to reductions to your application abandonment rates.
Calculation accuracy is also of crucial benefit to using LoanPro's API Calculator. Calculations are frequently tested against the standards set and distributed by the Office of the Comptroller of the Currency (OCC) to ensure each APR calculation is accurate to at least four decimal places. Our calculator has also been verified by Cross Check Compliance, and the change-management process is audited as part of our SOC 1 certification.
Reach out to your LoanPro representative to get started with LoanPro's API Calculator today. For more information about the API calculator, view our API documentation.