Candor Pre-Check in MortgageOrb

New Data Accuracy Tool Intends to Streamline Loan Process

July 11, 2023

Candor Technology, a provider of AI-based mortgage underwriting solutions, has launched Candor Pre-Check, its newest product feature. Candor Pre-Check is a data accuracy tool designed to identify discrepancies between a loan application and documents provided by a borrower.

Powered by Candor’s Loan Engineering System (LES) and its patented CogniTech Expert System Technology, Candor Pre-Check improves data quality earlier in the loan process, resulting in fewer underwriting conditions and improved efficiency.

Candor’s LES platform has performed more than two million hands-off underwrites, with zero repurchases to date. Candor clients have reported increased underwriter productivity by 400%, decreased turn-times by at least 10 days and an increased pull-through rate of 15%. Candor estimates the reduction in partners’ repurchase exposure goes from 12 BPS to 1 BPS when they use the LES.

“At Candor, we strive to create best-in-class technology to benefit the consumer, the lender, and the mortgage investor,” says Candor CEO Tom Showalter. “The Candor Pre-Check feature is one more tool lenders can use to improve their loan quality, become more efficient and win in every market cycle.”

Read article on mortgageorb.com

Candor Technology Contact

Jacob Gaffney

Gaffney Austin LLC

817-471-7627