Candor secures Series B backing from Rice Park to revolutionise mortgage industry
02/05/24, 5:00 PM
Location
alpharettaIndustry
software development
Investors
Assurant Ventures, Arthur Ventures, Rice Park Capital Management
Candor Technology has successfully concluded a Series B equity funding round led by Rice Park Capital Management, with additional backing from Arthur Ventures, Assurant Ventures, and the management team. The significant financial injection is set to propel Candor’s Loan Engineering System’s capabilities and enrich the overall user experience, solidifying its position as a key player in the mortgage technology landscape.
Company Info
Location
8000 avalon blvd, #810
alpharetta, georgia, united states
Additional Info
At Candor, our team of mortgage experts discovered the industry needed to progress past the antiquated, resource dependent, processes that have been in place for decades. This challenge took us outside the black box of current mortgage technologies to find the best solution to move the industry forward into the 21st century and beyond. Our quest ultimately led us to the Aerospace Industry and it’s highly complex, but extremely precise expert systems technology that could teach a machine to work its way through a maze of guidelines and 100,000+ underwriting pivot points to make the highest quality decision every time while also increasing speed and reducing cost. The culmination of this technology development journey resulted in CogniTechTM, Candor’s patented decision engine.