Lender Price API
Pricing a Loan / Common Tasks in Pricing / Pricing Different Scenarios
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    Pricing Different Scenarios
    In This Topic

    Pricing requests can be modified to price multiple and/or different types of loans and scenarios. The following examples illustrate the key changes to be made to the minimum payload for some common situations.

     Payload Modifications to Price an FHA and/or VA Loan

    The following code sample illustrates the payload modifications to price FHA and/or VA loans.

    Price an FHA and/or VA Loan
    Copy Code 
    {
  "companyId": "57983532e4b063ac0cad4d18",
  "date": null,
  "criteria": {
    "purchasePrice": 500000,
    "loanAmount": 400000,
    "pmiType": "None",
    "loanPurpose": "Purchase",
    "loanType": "Fixed",
    "mortgageType": "Conventional",
    "propertyUse": "PrimaryResidence",
    "fico": 760,
    "monthlyIncome": 5000,
    "monthlyDebt": 1,
    "clientDti": null,
    "vaUsageType": "First_Use", // This field will determine the % amount for fee
    "veteranType": "Active_Or_Veteran", // This field will determine the % amount for fee
    "ufmipFinanced": "YES", //Yes for fee to be part of total loan amount
    "fundingFeeFinanced": "Yes" // yes or no to be included in total loan amount
  },
  "property": {
    "address": {
    "zip" : "91776",
    "state" : "CA"
    },
    "propertyType": "SingleFamily",
    "numberOfUnit": 1
  },
  "termsCriteria": [
    30
  ],
  "loanPurposeCriteria": [
    "Purchase"
  ],
  "mortgageTypes": [
     "Conventional", "FHA", "VA" //Add FHA and VA criteria here
  ],
  "loanTypeCriteria": [
    "Fixed", "Variable"
  ],
  "varLoanTypeCriteria": []
}

     Payload Modifications to Price a BPMI over 80% LTV

    The following code sample illustrates the payload modifications to price a BPMI over 80% LTV.

    Price a BPMI over 80% LTV
    Copy Code 
    {
  "companyId": "57983532e4b063ac0cad4d18",
  "date": null,
  "criteria": {
    "purchasePrice": 500000,
    "loanAmount": 400000,
    "pmiType": "BPMI", //BPMI, LPMI or None
    "loanPurpose": "Purchase",
    "loanType": "Fixed",
    "mortgageType": "Conventional",
    "propertyUse": "PrimaryResidence",
    "fico": 760,
    "monthlyIncome": 5000,
    "monthlyDebt": 1,
    "clientDti": null
  },
  "miCriteria": { //Section required if PMIType is BPMI
    "miCompanyName": "Arch MI" //Other MI agencies are available, policy number is required to be configured with Lender Price Client Services
  },
  "property": {
    "address": {
    "zip" : "91776",
    "state" : "CA"
    },
    "propertyType": "SingleFamily",
    "numberOfUnit": 1
  },
  "termsCriteria": [
    30
  ],
  "loanPurposeCriteria": [
    "Purchase"
  ],
  "mortgageTypes": [
     "Conventional"
  ],
  "loanTypeCriteria": [
    "Fixed", "Variable"
  ],
  "varLoanTypeCriteria": []
}