README

Payoff Builder Project:

production app at: https://lit-lowlands-29281.herokuapp.com

This app includes a full stack Payoff Builder Application.

This applications lets a user:

• Select from all current loans with a quick search
• Select a payoff date based on an estimated payoff date
• Create a draft payoff which is automatically populated for the following
  • Loan Amount
  • Unused construction funds
  • Loan adjustments (principal repayment, etc.)
  • Open invoices
    • Interest
    • Late fees
    • Extension Fees
  • Estimated interest from the first day of the month from when the payoff is drafted until the payoff date
    • ex. if payoff date is 12/15 and the payoff is created on 10/10 then the following line items will be created
      • Interest October: 10/1 thru 10/31
      • Interest November: 11/1 thru 11/30
      • Interest December: 12/1 thru 12/15
  • Discharge fee
• Select a payoff to view
• Add line items to payoff
• Delete line items from payoff
• Receive payments for a payoff
• View the loan outstanding for a payoff that takes into account all open line items and received payments

V.2 What I would add:

• Loan adjustments
• interest for dollar weighted deals (ie. construction tranche, loan adjustments)
• Export to pdf
• Send email button
• Payoff Builder available for borrowers to access

Screenshots

View Payoffs

Draft Payoff

Search for deals

Enter Date

Create!

View your created payoff

Receive Payments and create new line items:

Keep Track of received payments and outstanding payoff amount

Entity Relationship Diagram

This app includes the following entities:

Loan Manager Project:

This app includes a Loan Manager module for automatically setting a deals funding channel after it goes into a closed status.

Loan Manager takes into account all deals sold/crowdfunded during a given month and the desired ratio set by admin LOAN_TO_SALE_CROWDFUND_RATIO

Get it started:

Live on development branch

$ clone repo
$ bundle install
$ rails db:setup
$ rails db:migrate
$ cd front-end-app
$ npm install
$ cd .. [ftf-mock-app/]
$ rails s
$ cd front-end-app
$ npm start

Tasks completed while coding the project:

• Created RoR app
• Created db and ran migrations to generate new model/table with:
  • Associations
  • Callbacks
• Seeded db with data from csv
• Debugged with byebug
• Seeded db with faker gem
• Created Loan Manager module
• Had Loan model implement Loan Manager module
• Created testing files for Loan Manager module, investments, Loan
• Installed Rspec with following dependencies
  • FactoryBot
  • DatabaseCleaner
• Created factories for loans, deals, investments, users with
  • Traits
  • Associations
  • aliases