Loan Engineering System (LES)

Mortgage Manufacturing Efficiency

In order to survive, lenders must adapt, evolve and become faster and cheaper all while increasing quality and margins. Candor's Loan Engineering System (LES) is powered by CogniTech, the only patented automated underwriting engine in the mortgage industry. The system utilizes aerospace and expert systems technology to provide unmatched loan manufacturing ability.

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WHY CANDOR LES

BENEFITS

Technology to provide unmatched loan manufacturing ability.

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Economic Impact

BENEFITS:

  • Reduce cost per loan
  • Right size staff
  • Lower hedging cost due to faster funding

Increase Productivity

BENEFITS

  • Reduce cycle time by up to 10 days
  • Decision-ready files in as little as 2 hours
  • Increase pull through

Reduce Repurchase Risk

BENEFITS

  • ZERO repurchases after 2+ million underwrites
  • Assistance with repurchase claims.

Fact & Accurate Output

BENEFITS

  • 90 seconds to borrower surety
  • Digital record of all tasks/actions
  • Cognitech output backed by a warranty

WHY CANDOR LES

BENEFITS

Technology to provide unmatched loan manufacturing ability.

BENEFITS

  • Reduce cost per loan
  • Rightsize staff
  • Lower hedging cost due to faster funding

BENEFITS

  • Reduce cycle time by up to 10 days
  • Decision-ready files in as little as 2 hours
  • Increase pull-through

BENEFITS

  • ZERO repurchases after 2+ million underwrites
  • Assistance with repurchase claims

BENEFITS

  • 90 seconds to borrower surety
  • Digital record of all tasks/actions
  • Cognitech output backed by a warranty