Custom Payment Splitting for LOC Accounts
We have expanded our Line of Credit Payment Splitting functionality to support the ability to provide custom payment amounts across linked accounts.
Previously, payments made on linked accounts were split automatically by your configured split payment types. Now, users who want more granular control over how payment amounts are applied to accounts can manually specify exactly how much of a payment is applied to each account.
This is Phase 1 of a multi-phase rollout. Two things to know about this phase:
- This feature is only available via the LoanPro API. Custom split amounts can only be used via API for the time being.
- AutoPay support is partial. AutoPays will accept custom split details, but they won't act on them until a future release.
How can I use it?
View our Split Payments API guide to learn how to use custom payment splitting.