Chrisman Commentary: Candor's Mark Hinshaw's outlook on AI
July 9, 2024
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TRUE and Candor have partnered to launch Instant Income Clarity — the first solution that delivers GSE-aligned income clarity in minutes instead of days. This is a major shift for lenders, allowing loan officers and branch teams to access decision-ready income insights instantly—without waiting on underwriters.
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.
