Author Topic: Recovery payments in API: where do they show  (Read 3325 times)

Kombinator

  • Full Member
  • ***
  • Posts: 193
    • View Profile
Recovery payments in API: where do they show
« on: February 23, 2015, 10:08:45 AM »
Wanted to see if anyone knows where do the recoveries that we receive on charged off loans show up in the API?

Kombinator

  • Full Member
  • ***
  • Posts: 193
    • View Profile
Re: Recovery payments in API: where do they show
« Reply #1 on: February 23, 2015, 01:48:00 PM »
I see lots of views, but no replies yet, some of the wizards here must know this: does the recovery amount show up as a separate line item somewhere in the API, does it get added to principal received in a back dated fashion somehow...they clearly track it, as the values are showing on the website...

Fred93

  • Hero Member
  • *****
  • Posts: 2245
    • View Profile
Re: Recovery payments in API: where do they show
« Reply #2 on: February 23, 2015, 08:59:50 PM »
There are no payments at all in the API.

avid investor

  • Full Member
  • ***
  • Posts: 170
    • View Profile
Re: Recovery payments in API: where do they show
« Reply #3 on: February 24, 2015, 08:01:28 AM »
True, there are no payments in the API.  I haven't done this, but you might look at the charged off note for a "before and after" of balance and payments to date.  Of course, this would require that you keep the note history (I do), since LC only gives you an account snapshot as of the time of query.  It would also require you to look on the browser platform, find the details of the recovery in your account history, and then with the note ID identified go back and look at the history of the account "snapshots" that you stored over time.  Hopefully, you will see that the balance went down and payments went up by the amount of the recovery (less fees, etc.).

Kombinator

  • Full Member
  • ***
  • Posts: 193
    • View Profile
Re: Recovery payments in API: where do they show
« Reply #4 on: February 24, 2015, 09:50:40 AM »
OK, fair enough, so basically scrape the Account activity webpage to get the recovery amounts, fees and dates and then either append that to a database or compare the values for the charged off notes in question to confirm the value went up.

Makes sense, guess would make sense to also have a separate monitoring job run on the charged off notes to generate alert / reports when the amount changes, and create recovery amounts and timing table this way.

Thanks guys, LC sure doesn't make it easy to collect and analyze key data.