API marketplace Staircase has launched a new application programming interface (API) that enables lenders and servicers to embed automated underwriting technology into any application and sync to their point of sale and loan origination systems, saving time and money, the company announced.
Staircase’s same-day GSE integrations empower lenders to seamlessly synchronize AUS results across all of their systems. For start-ups, the new API cuts out a long application process and gives them instant automated underwriting capabilities without spending time and money on IT and procurement reviews. Staircase does not charge any integration costs—only a $1 fee per API call.
Lenders have the option to embed Staircase’s GSE APIs into their other tools such as web and mobile apps. Staircase also makes AUS findings 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, according to Staircase.