Candor Technology, Inc., an Atlanta, GA-based provider of automated underwriting technology and other technology enabled solutions for the mortgage industry, closed a Series B equity funding round of undisclosed amount.
The round was led by Rice Park Capital Management, with participation from Arthur Ventures, Assurant Ventures and the management team; as well as participation from several other industry leaders.
The company intends to use the funds to expand its Loan Engineering System’s capabilities and enhance the user experience.
Led by Mark Hinshaw, newly appointed Chief Executive Officer, Candor Technology is a provider of software solutions for the mortgage industry. Its primary offerings include an origination solution (PreQualTM), fulfillment solution (the Loan Engineering System), and an end-to-end machine/human “hybrid” solution (CandorPLUSTM). The Loan Engineering System is a patented software solution that assists a lender’s licensed loan officers, underwriters, and processors to produce a “decision ready” loan file that complies with investor guidelines. Brokers, Banks, Independent Mortgage Bankers (IMBs), Correspondent, and QC providers utilize the Loan Engineering System to focus on the eligibility, quality, and completeness of the borrower’s data; to help identify exceptions; and to increase the speed of decisions that result in improved borrower satisfaction and higher quality loans.
FinSMEs
05/02/2024