Candor Case Studies

In the competitive landscape of mortgage lending, speed and accuracy in loan processing are paramount. Candor, a pioneer in AI-driven underwriting technology, is committed to revolutionizing the mortgage industry by significantly enhancing the processing efficiency of mortgage companies.

“We truly believe that Candor LES is the next automated underwriting technology we’re going to see used industry wide. That’s why our team made the investment in Candor.”

Don’t be a casualty of the shifting mortgage market. With Candor, you can build an infrastructure that’s immune to margin, capacity and staffing challenges.

ALCOVA Mortgage is a residential mortgage lender offering home purchase and refinancing assistance. The company was founded in 2003 by childhood friends Bobby Nicely, Billy Siple and Rob Lindstrom, who were looking for a way to simplify the mortgage process.

“We’re always on the search for innovative technology that integrates well into our existing platforms,” said American Pacific Mortgage Senior Vice President of Operations Sean Lamb. While its potential to reduce turn times on conventional loans was intriguing, Candor’s Loan Engineering System (LES) caught the attention of Lamb and his company because of its ability to analyze data and perform cross-checks with high accuracy while also clearing conditions.

“We managed to eliminate a lot of the queues a loan gets stuck in. Now we’re automating all of that and for our conventional loans the borrower often gets approval before the processor even sees the loan.”

“We quickly found out that Candor just gets it right,” Pruitt said. "If you’re a mortgage lender that cares at all about speed, you should be using Candor, full stop.”