NEW STAIRCASE API PROVIDES INNOVATORS WITH SAME-DAY GSE INTEGRATIONS

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For only $1 lenders can integrate their systems of record with Fannie Mae and Freddie Mac and gain better loan decision capabilities

NEW YORK, August 31, 2022 /PRNewswire/ — Stairsthe company that is building an integrated digital infrastructure to accelerate technology mortgages, has launched a new application programming interface (API) that allows lenders and services to integrate automated underwriting technology into any application and sync with their point of sale (POS) and loan origination (LOS) systems, saving time and money.

The new API allows mortgage lenders and managers to integrate automated underwriting technology into any application.

Most POS and LOS products come equipped with integrations to Automated Subscription System (AUS) technology provided by Government Sponsored Entities (GSEs), but these integrations are typically static and provide fixed functionality. Staircase’s same-day GSE integrations remove these hurdles while allowing lenders to seamlessly sync AUS results across all of their systems, allowing them to move the loan decision further upstream in the origination process.

For startups, the new API removes a 6-12 month AUS application process and gives them instant automated subscription capabilities without wasting time and money on IT and procurement reviews. Staircase does not charge any integration costs – only one $1 charges per API call.

Lenders have the ability to integrate Staircase’s GSE APIs into their other tools such as web and mobile applications. For example, they can embed AUS logic into their online loan applications and provide borrowers with real-time feedback through the borrower’s web browser or mobile device. This allows loan officers to contact borrowers immediately after a borrower completes an application rather than calling or texting them later.

“Our GSE API is a real game-changer,” said Staircase co-founder and CEO Adam Kalamchi. “By pulling AUS logic upstream as much as possible and enabling real-time feedback, our GSE API saves lenders and borrowers time and money during the application process.”

In addition to making GSE integrations quick and easy, Staircase also makes AUS results and messages machine-readable to create greater automation in the origination process. The GSE API even includes queuing mechanisms to compensate for downtime across multiple systems.

Like other Staircase products, the GSE API supports all data languages ​​created by the Mortgage Industry Standards Maintenance Organization (MISMO). Staircase can translate any data language into a lender’s preferred language, eliminating the need for lenders to adapt to other data models.

For more information on the GSE API, email [email protected]

About the staircase

Staircase is a low-code API and marketplace that automates complex technologies and empowers them for the US residential mortgage industry. Focused on automating complex mortgage functions, it enables the integration and orchestration of all technology providers in the US mortgage industry and empowers all parties, across mortgage origination, insuring and servicing , to communicate easily and without friction. The staircase is based on philadelphia cream, with employees in more than 20 countries. For more information, visit www.staircase.co.

Press contacts:
Mary McGarity
Strategic Marketing and Public Relations
(203)260-5476
[email protected]

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