November 2, 2021
Candor Technology has added a mortgage loan scoring engine as part of its Loan Engineering System, which it is calling The Candor Metascore. The tool is designed to provide an indication of the overall quality of a loan manufactured by Candor’s machine.
To produce the score, all loan data is analyzed to assess investor guideline eligibility, then cross checked to identify and mitigate defects. The results 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.