TMC Preferred Partner: Candor
About Candor
Candor is the first patented mortgage technology platform to both assess and analyze income, assets, credit, identity, and occupancy. The cost-saving technology gives clients the capability to conduct extensive, high-quality underwriting, which significantly reduces the cost of lending while mitigating repurchase risk for investors.
Candor’s Loan Engineering System (LES) seamlessly integrates into a Lender’s LOS eliminating the need to log into a different system for access. Using expert system technology, Candor’s LES can fully underwrite a loan in as little as 90 seconds and as early as point-of-sale, which will allow a borrower to compete with cash offers. Unlike any other solution in the mortgage space, Candor’s LES clears conditions based on unique loan data and scenarios and provides a warranty on those cleared conditions. With well over 2 million underwrites, the LES has proven to increase Underwriter productivity by 4X and reduce turn-times by as much as 14 days - all with ZERO repurchase.
Candor’s mission is to help clients think differently about how they manage their business. Candor is poised to propel clients into their ideal future state where they will have the ability to scale capacity in an instant to match fluctuating loan volumes, improve quality to mitigate repurchase risk, master process efficiencies, boost liquidity, and most importantly, gain market share.
Candor is the first patented mortgage technology platform to both assess and analyze income, assets, credit, identity, and occupancy. The cost-saving technology gives clients the capability to conduct extensive, high-quality underwriting, which significantly reduces the cost of lending while mitigating repurchase risk for investors.
Candor’s Loan Engineering System (LES) seamlessly integrates into a Lender’s LOS eliminating the need to log into a different system for access. Using expert system technology, Candor’s LES can fully underwrite a loan in as little as 90 seconds and as early as point-of-sale, which will allow a borrower to compete with cash offers. Unlike any other solution in the mortgage space, Candor’s LES clears conditions based on unique loan data and scenarios and provides a warranty on those cleared conditions. With well over 2 million underwrites, the LES has proven to increase Underwriter productivity by 4X and reduce turn-times by as much as 14 days - all with ZERO repurchase.
Candor’s mission is to help clients think differently about how they manage their business. Candor is poised to propel clients into their ideal future state where they will have the ability to scale capacity in an instant to match fluctuating loan volumes, improve quality to mitigate repurchase risk, master process efficiencies, boost liquidity, and most importantly, gain market share.
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