The ABCs of APIs in Mortgage Technology

Application programming interfaces (APIs) are quickly becoming a vital tool for mortgage lenders, who recognize them as a critical technology that provides immense potential to automate process, improve opportunities and accuracy, and reduce costs and workloads, according to Fannie Mae.

APIs are software-to-software interfaces that enable applications to easily communicate back and forth without the need for direct user intervention. An API may be designed to query data or update a database, initiate a process, or add functionality to a software application. Sometimes it is easier to use an API than develop new functionality from scratch.

To learn more about the many benefits of APIs, MortgageOrb recently interviewed Jeff Williams, the API team lead for mortgage software firm FICS. 

Read the MortgageOrb article.