What is a web service?
The term web service (also called webservice) describes the way that software on your PC gets info from software (usually a database) that's on a different computer. A web service uses the Internet (and a protocol called XML) to communicate, but it doesn't need a browser to connect. You might also hear the word used to describe the software itself.
What is the advantage of a web service?
Web services allow for simple access to our database from anywhere in the world with an Internet connection. Web services are the next generation of data portability and integration -- anything a browser can do, a webservice can do better (and, usually, faster).
For example, using the basic webservice from HSH Associates, a programmer could easily integrate live data requests to our server into any custom loan origination package, loan processing software, financial calculators, or a local database for tracking (assuming your license agreement provides you the ability to do so).
Excel and webservices
This is an excellent example of a webservice. If you use Windows XP or Windows Vista, your Microsoft Office has built-in support for webservices. That makes it possible to automatically integrate data on, for example, your loan pricing spreadsheet on your PC from our computer.
HSH and webservices
HSH clients use our web service to retrieve current and historic ARM indexes from our database directly into desktop underwriters, loan origination software, disclosure managers, and more. Click here to learn more.