About Us

Who We Are

Candor Technology was founded in 2018 with a mission to revolutionize the mortgage industry through cutting-edge technology and innovation. We are a forward-thinking company dedicated to transforming the way mortgage loans are underwritten, ensuring that lenders can deliver high-quality, profitable loans with unprecedented speed and accuracy. Our flagship product, the Loan Engineering System (LES), leverages artificial intelligence and expert systems technology to automate the underwriting process, providing a seamless and efficient experience for both lenders and borrowers.

Our Origins

Candor Technology was born out of a desire to address the inefficiencies and inconsistencies that have long plagued the mortgage industry. Our founder, Tom Showalter, a former NASA scientist and an award-winning expert in Mortgage Decision Sciences Technology, saw an opportunity to apply his extensive knowledge and experience to create a solution that would revolutionize the way mortgage loans are processed. With a team of dedicated professionals and industry veterans, we set out to develop a system that could replicate the critical thinking and expertise of human underwriters, while eliminating the biases and errors that often accompany manual processes.

What We Do

At the heart of Candor Technology is our Loan Engineering System (LES), a groundbreaking platform that automates the mortgage underwriting process using our patented CogniTech™ engine. This advanced technology mimics the cognitive processes of human underwriters, data scientists, and forensic auditors, enabling us to deliver fast, accurate, and consistent loan manufacturing decisions. The LES system has processed over 2 million flawless underwrites, backed by a warranty that ensures zero repurchase claims.

Our latest innovation, CandorPLUS™, extends our capabilities across the entire loan lifecycle, from disclosures to closing. This comprehensive mortgage fulfillment service allows lenders to scale their operations effortlessly, reduce costs, and maintain high levels of borrower satisfaction regardless of market fluctuations. With CandorPLUS™, lenders can streamline their processes and deliver decision-ready loan files with unmatched speed and precision.

Our Achievements

Candor Technology has been at the forefront of mortgage innovation, consistently pushing the boundaries of what is possible in the industry. Our Loan Engineering System is the only solution capable of conducting detailed, nuanced crosschecks across a vast and complex set of dynamic data, ensuring the highest quality and integrity of loans. In recognition of our groundbreaking work, we secured $12.5 million in Series A funding led by Arthur Ventures in 2023, enabling us to continue our mission of modernizing the mortgage industry.

Our Future

Looking ahead, Candor Technology is committed to further enhancing our products and expanding our reach. We aim to continue innovating and developing new solutions that address the evolving needs of the mortgage industry. Our focus remains on leveraging advanced technology to reduce the cost and time it takes to manufacture a mortgage loan, while maintaining the highest standards of quality and reliability.

As we grow, we will continue to prioritize our core values of transparency, efficiency, and customer satisfaction. We believe that by staying true to these principles, we can help lenders navigate the complexities of the mortgage market and achieve lasting success. At Candor Technology, we are not just shaping the future of mortgage underwriting; we are building a better, more efficient, and more equitable industry for all.