Staircase is revolutionizing the mortgage industry by untangling the connectivity issues that drag down loan production and add costs to the transaction which are ultimately passed onto the consumer. Staircase has created an API marketplace that integrates and aggregates all technologies onto a single platform. From there, data and services become interoperable, and everyone involved in the origination process can easily communicate with one another, from application to closing to the secondary market to servicing. Staircase is an API marketplace for U.S. mortgage origination that connects LOS providers, point-of-sale systems, service and technology providers and others onto one platform. The technology is reverse compatible with all existing lender technology systems and workflows, providing essential integrations that require zero effort to maintain—ever. In a nutshell, Staircase is doing for the mortgage industry what AWS marketplace does for enterprise infrastructure.
- In spite of the increasing availability of new technologies, mortgage production remains a very costly and labor-intensive process. In fact, loan production expenses rose more than $2,000 over the past seven years, according to a report issued in November by the Mortgage Bankers Association (MBA).
It secured $18M in Series A Funding led by Bessemer Venture Partners with participation from RRE Ventures, Avid Ventures, Clocktower Technology Ventures, Metaprop Ventures and Zigg
Loan Origination, Servicing, Secondary