This section indicates the approach to import and create or update an existing loan with a MISMO 3.4 file, in accordance with the New URLA 2020 Mandate.
To create new loans using the MISMO 3.4 file, follow these steps:
- Convert the MISMO 3.4 File to the V3 Loan Contract using the V3 Converter API
- Using the response from Step 1, call the V3 Create Loan API to create the loan.
- You can then update the loan using V1 or V3 Update Loan API, based on what suits your usecase better.
To update an existing loan by importing a MISMO 3.4 File,
- Call the V3 Importer API to update the loan.
- You can then update the loan using V1 or V3 Update Loan, based on what suits your usecase better.