GA-based Candor Technology, Inc. secures series B equity round funding. Leading the round was Rice Park Capital Management, with participation from numerous other prominent figures in the business as well as Arthur Ventures, Assurant Ventures, and the management team.
The company plans to utilize the money to improve user experience and add more features to its Loan Engineering System. Software solutions for the mortgage business are provided by Candor Technology, which is led by recently appointed Chief Executive Officer Mark Hinshaw.
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Its main products are an end-to-end machine/human “hybrid” solution (CandorPLUSTM), a fulfillment system (the Loan Engineering System), and an origination solution (PreQualTM).
An investor-guideline compliant “decision ready” loan file is produced by a lender’s licensed loan officers, underwriters, and processors with the help of a patented software system called the Loan Engineering System.
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The Loan Engineering System is used by brokers, banks, correspondents, Independent Mortgage Bankers (IMBs), and QC providers. It helps them focus on the eligibility, completeness, and quality of the borrower’s data; it also helps them find exceptions; and it speeds up the decision-making process, which leads to better borrower satisfaction and higher-quality loans.
About Candor Technology
Their team of mortgage specialists, Candor, found that the industry needed to move past the outdated, resource-dependent procedures that had been in use for many years. In order to discover the ideal answer to propel the mortgage business into the twenty-first century and beyond, they had to look outside the box of existing mortgage technologies.
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