Fundamental Concepts & Actions
Intro
It's essential to grasp the core lending process and key actions needed for a seamless integration before exploring Prime API documentation and end-to-end workflows. The Prime lending platform follows a structured sequence where each step builds upon the previous one. The sequence begins with eligibility checks to assess borrower qualification, followed by application creation and enrichment, where necessary documentation is collected and verified. A crucial step in the process is connecting to a Borrower's bank account, which enables financial verification and automated repayments. The loan is finalized and issued through the origination process once all the requirements are met.
A clear understanding of this sequence—including the actions required during the application process and the dependencies between key steps—ensures a smooth integration and an optimal lending experience for Borrowers. Each stage has specific API endpoints and requirements that work together to deliver a complete, end-to-end lending solution.
Key Concepts and Actions
As a Prime API user, a Partner needs only to grasp a few key concepts, as most of the processing and complexity occur behind the scenes. Prime API is designed to streamline integration by abstracting complexity, ensuring a smooth and efficient experience for developers.
To know more about each concept or actions, please refer to the "Fundamentals : Key Concepts" section on the left or the quick access section below. Each item is completed with a full description, requirements and a code sample.
Dive into the details
Updated about 2 months ago