Version Description

New Lender Desk Release Adds Loan-to-Value Data

On June 26, the ability to utilize Loan-to-Value (LTV) data will be available with the release of Lender Desk version 4.4.0.

LTV refers to the limitation placed on the amount able to be financed, with the value of the loan divided by the actual cash value of the vehicle. In certain instances, a lender will provide different rates for specific LTV tiers. This addition will allow for a more accurate payment calculation by limiting the amount able to be financed and providing more accurate rates when accounting for trade-in and down payment.

With 4.4.0 going to production on June 26, the API will return a new object called “advance.” This advance object will contain a complete set of rate data. The original element will continue to be present and can be considered the default LTV value setting at or close to 100%. Here’s an example of an advance object: “advance”: [ {

“rangeBottom”: 0.0,

“rangeTop”: 120.0,

“value”: 0.00265,

“valueType”: “MF”

With the release of 4.4.0, we will be retiring version 4.3.0. In this build, we found that a recent enhancement resulted in unclear data. Version 4.4.0 remedies this by adding “vehicleIds”: [399282,399282,399282,399282] to residual value data when using the “enhancedincentives” endpoint. Lender Desk version 4.4.0 will continue to support top tier Canadian rates and incentives for captive lenders. Please reach out to your Account Manager with any questions about migrating from Chrome Incentives Service to Lender Desk for the incentives data you need to power your digital retail experience.