tools
Candor Loan Engineering System
Candor LES automates mortgage underwriting by assessing borrower data, documents, credit risk, and guideline eligibility.
Candor Loan Engineering System (LES) is an automated underwriting platform for mortgage lenders. It uses the CogniTech decision engine to evaluate guideline eligibility, borrower information, credit risk, and supporting documents.
The system produces decision-ready loan files, records tasks and actions, and integrates with a lender's loan origination system. It is intended for mortgage lenders and underwriting teams; pricing is not publicly listed and requires a demo.
Features
- Determines guideline eligibility
- Conducts credit and information risk assessment
- Validates borrower URLA, guidelines, data, and documents
- Produces decision-ready files in as little as 2 hours
- Reduces underwriting cycle time by up to 10 days
- Creates a digital record of tasks and actions
- Provides automated underwriting output backed by a warranty
- Supports condition tracking through the lender's LOS
Use cases
- Automate mortgage underwriting decisions
- Review borrower documents and supporting data
- Reduce underwriting cycle time
- Increase underwriting team capacity
- Track conditions and document-processing results
- Support repurchase-risk management