Daily loan account updates

End of day (EOD) jobs are typically carried out at midnight and handle actions such as application of accrued interest, updating accounts based on changes to the underlying product, automatic closure of fully paid off loans, applying fees and penalties, locking loans which are in arrears, among others. For more information of what jobs are carried out as part of end of day processing please refer to our Automatic End of Day Actions support article.

This daily synchronisation extension is optional. If used, it will run for all loans originated from nCino and may take a long time to complete for banks with a large number of accounts.


EOD Webhook Trigger (Mambu)


Loan TypeFields updated in nCino
Dynamic/FixedAmount Outstanding
Arrears Date
Core Last Update
Current Interest Rate
Last Pay Date
Maturity Date
Monthly Payment (including fees)
Next Payment Due
Next Payment Principal Amount
Next Payment Interest Amount
Payoff Date
Principal Balance
Total Arrears Amount Due
Revolving CreditAmount Outstanding
Approved For Amount
Arrears Date
Available Amount
Core Last Update
Current Interest Rate
Flat Amount Repayment
Last Pay Date
Percentage of Principal to Pay
Percentage of Total Due to Pay
Principal Balance
Total Arrears Amount Due
TranchesAmount Outstanding
Arrears Date
Core Last Update
Current Interest Rate
Last Pay Date
Payoff Date
Principal Balance
Maturity Date
Monthly Payment (including fees)
Next Payment Due
Next Payment Principal Amount
Next Payment Interest Amount
Total Arrears Amount Due

Notes:

  1. This extension will not work for accounts with a large number of instalments (depending on the MPO task size, less than default 512 kb → ~250 instalments).
  2. Note that loan accounts not synchronised in both systems on the nCino-> Mambu direction (reserve & book | reschedule and refinance - which are manual actions in both applications) will fail to update.

In case Daily Loan updates to nCino flow fails

When an error occurrs while triggering a Mambu webhook, a transaction log is created. This log holds the transaction status of the flow, along with other details. Also Vendor Status and Transaction Status will be set to FAILED.

Example of a transaction log after an error occurred in the Daily Loan updates to nCino flow fails:

Daily Loan updates to nCino flow Transaction log details