Candor thinks & works like an underwriter.
Candor is the only dynamic underwriting engine that automates a loan-specific underwrite.
Underwrites since August 2020:
The test: 5 months, 3 clients, 125,000+ units.
The results: 18.7 day cycle time reduction. 27.2% pull through lift.
Every loan has a 100% unique combination of 1003 + supporting data. That’s why no two start in the same state, and no two can follow the same process to determine approval. Underwriting is unpredictable. When new data & information refute previous conclusions, underwriters must pivot, and find a new solution in real time. That's why task automation, calculating, organizing & digitizing data don't eliminate the underwriting bottleneck. Those solutions can't pivot. Our CogniTech™ Knowledge Engineering Technology solves complex, fast changing underwriting challenges in real time.
Our patent-pending CogniTech models how underwriters think.