February 16, 2022
Candor Technology today announced it has signed its 60th client, Churchill Mortgage. Since its Loan Engineering System went into production in September 2020, Candor Technology has conducted >1.5M hands free underwrites for noteworthy banks, credit unions, and IMBs.
Candor’s is the only solution that automates tasks, intelligence, and expert judgment to autonomously conduct the credit & information risk assessment just like a seasoned underwriter. In addition, The Loan Engineering System conducts detailed, nuanced crosschecks across a vast and complex set of dynamic data. The painstaking corroborations exceed guideline requirements and mirror those conducted by seasoned underwriters. Except, Candor’s crosschecks are conducted in seconds, not weeks. The platform has conducted >1.5M autonomous underwrites with zero putbacks.
“With Candor as a core system we have an infrastructure with reliable cycle speed, loan quality, and manufacturing costs,” said Grant McFarland., Churchill Mortgage SVP, Operations. “That control gives us the ability to innovate beyond workforce efficiency into areas that create a frictionless experience for the consumer.”
“It’s exciting to partner with a lender as innovative as Churchill Mortgage to help them bolster their automation capabilities,” said Brian Gunn, Candor CRO. “Churchill’s selection of Candor demonstrates their commitment to building an efficient, future-proof mortgage manufacturing operation to boost productivity, control costs, and best serve consumers.”