If you’ve ever had to apply for a mortgage, you know that it can be a time-consuming, expensive and often painful process — both in terms of just filling out the application and then waiting for the transaction to close.
In recent years, a number of digital lenders have emerged to bring more technology to the process with the goal of making it all less tedious and slow. What we have seen less of are startups building the digital infrastructure to help these lenders deliver on a mortgage much faster than has historically been possible.
Enter Staircase. The Philadelphia-based startup has developed an application programming interface (better known as an API) that aims to bring together the various parties involved in the mortgage origination process. By integrating all these different parties, Staircase is pledging to provide a better — and significantly faster — experience for the borrowers and the companies that are providing the mortgages.