API – Activate a Loan
In LoanPro, loans have both an activated and a non-activated state. When you first create a loan, by default it isn’t activated. This means that the loan numbers aren’t being updated daily, and the loan functions as though it’s not aware of dates. This means that, for example, if a non-activated loan has a first payment date of October 1, 2017 and today is November 8, 2017, the loan will not know that a payment has been missed.
Non-activated loans are treated differently in other respects as well. For example, non-activated loans will not be included in the credit export.
Once a loan is activated, the numbers will be updated every day and will be included in the daily maintenance process.
It is easy to activate a loan via the API. Use the following call:
You will need to add the ID of the loan you want to activate to the endpoint in order to activate the correct loan.