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Chrisman Commentary: Candor's Mark Hinshaw's outlook on AI

July 9, 2024
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By Candor May 30, 2024
When we talk at Candor about the potential benefits to lenders of employing a machine-based approach to loan underwriting, people often assume that the agenda is to eliminate people. In fact, the people engaged in loan underwriting are often among the most valuable and capable individuals in the enterprise, one reason why they are often redeployed into risk management and distressed servicing roles when volumes fall and defaults rise.
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By Candor February 27, 2023
The mortgage marketplace is more competitive than ever. Simply maintaining the status quo and shifting strategy as the market rises and falls is not sustainable for mortgage lenders. Now is the perfect time to explore new ways to improve and reinvent the loan manufacturing process. Hallmark Home Mortgage recognized this urgent need to do something different. That’s why the company ultimately decided to invest in new technology from Candor Technology, Inc.
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By Candor February 1, 2023
Once considered more of a rare occurrence, all-cash offers are now incredibly common. Some mortgage industry experts are even predicting the rise in cash offers is here to stay. What does this mean for the future of the industry? Well, mortgage lenders who have thrived in the past may not fare as well moving forward — at least not without rethinking how they manufacture loans. UpEquity has quickly made a name for itself as an innovator in the mortgage industry. Its mission is to level the playing field for homebuyers in a world of cash offers. UpEquity runs more like a tech startup than a mortgage company. And that sort of thinking is what led them to Candor.
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