Articles from Candor Technology

Industry’s most powerful and proven underwriting engine — with over 3 million underwrites and zero repurchases — now delivers flexibility and configurability for modern mortgage lenders

Candor Technology is excited to announce its newest product feature, Candor Pre-Check. Candor Pre-Check is a data accuracy tool designed to identify discrepancies between the loan application and the documents provided by the borrower.

Candor Technology has announced a technology integration agreement with Mortgage Automation Technologies, the providers of the innovative platform The BIG Point of Sale. Through this relationship, borrowers will leverage the seamless user interface with The BIG Point of Sale to apply for a loan and provide the required information to lenders. Using this information and Candor’s patented Cognitech, a lender will be able to rapidly deliver conditional approvals to qualified borrowers who are searching for a home.

Candor Technology announced today that it has created the first-ever automated underwriting engine for Loan Quality Services (LQS), further helping clients transform their business models for the twenty-first century.

Candor Technology announced today that it has been granted a U.S. Patent for its CogniTech™ Expert System Technology which successfully models an underwriter and forensic auditor’s critical thinking.

Candor Technology today announced it has signed its 60th client, Churchill Mortgage. Since its Loan Engineering System went into production in September 2020, Candor Technology has conducted more than 1.5M hands free underwrites for noteworthy banks, credit unions, and IMBs.

Candor Technology has kicked off 2022 by demonstrating its security and availability, as the Loan Engineering System received its SOC 2 Type 2 certification.

Candor Technology today announced an additional dimension to its Loan Engineering System: The Candor Metascore. The patent pending Metascore indicates the overall quality of a loan manufactured by Candor’s machine. To produce the score, all loan data is first run through a dynamic 45,733 pivot point architecture to accurately assess investor guideline eligibility, then through a corroboration engine that conducts >1,100 crosschecks to identify and mitigate defects. For never-before transparency all underlying metadata used during the autonomous process are saved to a Blockchain-type database. A Metascore of 85 or higher triggers eligibility for a defect insurance policy from a major international insurer.

Candor Technology today announced that E. Thomas Booker, III has joined the company as its Chief Strategy Officer.