Overview
Integrating with credit bureaus and managing borrower credit reporting can be extremely time-consuming and complex. Canopy has simplified and automated this task for you by partnering with Bloom Credit.
When you opt-in to have Canopy handle your credit reporting needs, you simply provide a few additional fields and Canopy will do the rest.
How It Works
- After Bloom support is enabled for your Canopy environment, configure Credit Reporting for your environment by using the Configure Credit Reporting endpoint (only the following fields are required):
json"metro2_config": { "bloom_api_credentials": { "client_id": "YOUR_BLOOM_CLIENT_ID", "client_secret": "YOUR_BLOOM_CLIENT_SECRET" } }
- When creating a customer, account, or product within Canopy’s system, simply include the metro2_config fields as shown in the example below.
json"metro2_config": { "bloom_metadata": { "branch_identifier": "string", "primary_designation": "AUTHORIZED_USER" } }
- Canopy will immediately pass these values on upon creation to be registered with Bloom Credit.
- Additionally, when statements are generated for your accounts, Canopy will automatically calculate and format your data to be sent to Bloom Credit.
💡If Bloom finds an error with configuration values, these will be delivered back to you via the Canopy webhook system
- Bloom Credit will automatically handle formatting and sharing the necessary data with the credit bureaus.