Why Mortgage Servicer® API Is So Important To Your Servicing Operation
In the simplest of terms, APIs (application programming interfaces) are sets of requirements that govern how one application can talk to another. This makes it possible for applications to share data and take actions on one another's behalf without requiring developers to share software code.
What is an API?
In the simplest of terms, APIs (application programming interfaces) are sets of requirements that govern how one application can talk to another. This makes it possible for applications to share data and take actions on one another’s behalf without requiring developers to share software code. Mortgage Servicer® API receives widely adopted JSON formatted calls from any scheduling system capable of making calls to web services. JSON data-interchange format is easy for humans to read and write, easy for machines to parse and generate and completely independent of programming language. These properties make JSON an ideal data-interchange language.
What can Mortgage Servicer API do for me?
Mortgage Servicer API provides much needed and open communication with an enterprise automation tool or other type of scheduling system, enabling automation of virtually every batch process in Mortgage Servicer and Mortgage Accountant®. When utilizing mortgage servicing software, there are many functions that need to take place in the absence of users posting transactions or updating loan records. In most instances, those functions need to take place after normal processing hours. Whether it’s running end-of-day, end-of-month, investor closeouts or uploading/downloading data between core systems there are many jobs that can be scheduled and run unattended.
Why is this important to me?
Scheduling jobs will allow you to synchronize time-sensitive and process-dependent jobs across multiple systems including the core banking/credit union upload/download files, collections systems, print jobs, backups, etc. This will significantly simplify many of your off-hour processes and reduce the risk of human error and intervention. Automating these jobs will eliminate the resource requirements on the desktop and free up your servicing personnel to complete other tasks. Staff will no longer have to stay late or come in on weekends to process normal routines that easily can be scheduled.