As the mortgage industry’s adoption of technology increases- on the front-end and the back-end – there is a lot of additional information and functionality that can be added to company’s software using application programming interfaces (APIs).
These are essentially hooks into additional data, technology, information and functionality that are provided by a third party. APIs are technology that allows applications (software programs) to talk to one another. Think of APIs as being machine-readable interfaces (versus human-readable).
For mortgage professionals, this can mean incorporating access to banking data, community information, government regulations and so much more to their software. Adding these APIs can improve the customer facing user interface as well as automate some back-end processing tasks.
Here’s a list of several categories of APIs from Programmable Web that might be helpful for mortgage pros.