Candor Technology announced that it has created an automated underwriting engine for Loan Quality Services (LQS), which the company says is a “first ever” of its kind solution.

Candor is offering lenders its Loan Quality Services for $75 per loan file, enabling them to adapt to current market conditions while still offering borrowers best-in-class service. 

Candor’s LQS addresses many pressing concerns such as QA’s impact to fallout, QC impact to loan profitability, leakage of recurring defects from QA to QC, and originator’s quality ranking with investors. 

The LQS service gives client members access to automation of many capabilities, including primary source document and data validation, re-underwriting of income and asset, application of guidelines and overlays, defect identification and resolution and reporting and repurchase defense data. 

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