Most mortgage lenders are looking for ways to automate their operations to cut costs, maintain profitability and effectively manage their compliance and reporting to various agencies (e.g., HMDA reporting). Loan origination software automates mortgage processes, providing several benefits: greater efficiency, more seamless operations, reduced staff hours and monetary costs, and fewer errors. Application programming interfaces (APIs) and MISMO data standards help drive this automation.
APIs
APIs are software-to-software interfaces that enable applications to
