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XYZ Brokerage

Email: jeff@xyzbrokerage.com

Phone: (206) 555-1234

Website: www.xyzbrokerage.com

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possible to have Lender Rebate when using Quote API?

Is it possible to autoquote with a Lender Rebate?  i.e. -.5 points on a 400k loan means a rebate of $2000 that can be used to offset the Lender Fees.

This means that if the Lender Fees were exactly $2000, the total fee is $0.  I've seen this done with manual quotes but when I attempt this using the autoquote API, I get an error stating that I can't have a "Negative Fee".  This is when I attempt to use -.5 in the percentageAmount attribute.

I've also tried to supply a "Credit" using the <Credit> element but it seems to be ignored completely.

Am I using an old spec?
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October 26 - US

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Profile picture for Nate
John,
We do not allow credits with the quotes.  The credit element has been deprecated for a while now.  If you would like an updated spec, please send me an email.

There is a bug in the manual process where some lenders are able to enter negative points.  However, this will be fixed in an upcoming release. 
Thanks,
Nate
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October 28
 

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