v1.0.1, we're introducing automated student loan aggregation and data syncing. By using Nexus to walk your borrowers through linking their Servicer(s), we can now collect, process, normalize, and return the most accurate student loan portfolio data on the market for you to embed into your own products.
There are a few areas in which notable changes have been made. Most of these changes are isolated to the new Get Portfolio API endpoint, though we are laying the groundwork for improving existing endpoints and increasing overall API consistency. Expect the changes introduced with Portfolios to start showing up in other endpoints in the near future.
We have been slowly moving away from
integer ID values in our API for some time, and
v1.0.1 is our first API update that introduces relying solely on
uuid values for
PortfolioLoan objects—they no longer include an
id property, and will only provide a
v1.0.1, our API returned numeric and monetary values as numbers with float formatting. Unfortunately, floats are often handled inconsistently across platforms and languages, and even the formatting of floats can be unreliable. Because these values, which often denote balances and payments, are so important, all float values will be returned as strings, to 2-digit precision to ensure you receive the most accurate and expected results possible since
For more information and discussion around this topic, click here.
We've been working to improve our date values, and the new Portfolios endpoint is the first to put this into place. Prior versions of our API included inconsistent date formats in certain fields, where flexible input formats were not coerced into consistent output formats. This was especially troublesome and confusing where loans were concerned. All dates in a
PortfolioLoan can be expected to return in
YYYY-MM-DD format since
v1.0.1. This will be expanded to other API objects in subsequent versions.
In comparison to a
Loan returned from the Loans API endpoint, a
PortfolioLoan transforms many simple properties into richer objects. Such properties as
loan_type are now object types that offer more information and will continue to expand over time as Payitoff improves its Aggregation capabilities.