The bottom line is likely, to be very kind, the "spartan" FolioFN API. Maybe its been enhanced since I used it a year ago, but back then there were only two end points; Buy and Sell. Everything else had to be done either by using the LC platform API or by direct URL access (GET/POST) to the LC or FolioFN platforms. This probably resulted in a very messy inefficient process that became untenable to LR when larger and larger numbers of FolioFn users came in. BTW, I think that to use URL access one must have full account credentials, not just API. Is this correct? If so then must Folio users of any 3rd party provide full account access credentials to them?
For example, obtaining the NEVERLATE status of a loan actually required re-submitting orders because it only exists in the secondarymarketall file. If a loan wasn't already in that file then the only solution I found (and implemented) was to list it at a extremely high markup, wait for it to show up in the file, obtain the NEVERLATE status, remove the highly priced sell order, calculate a real sales price based on NEVERLATE as well as other factors, and finally re-list. What a mess. Hugely inefficient and all because NEVERLATE is not in the mynotes file. In hindsight I would have been better off simply assuming NEVERLATE true. The result would be a few overpriced not NEVERLATE loans that would not sell and I could have dealt with manually.
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