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Candor secures Series B backing, revolutionizing mortgage industry with Rice Park.

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Candor Technology, a provider of automated underwriting technology for the mortgage sector, has closed a series B equity funding round led by Rice Park Capital Management. The company plans to use the funding to enhance its Loan Engineering System, improve the user experience and become a leading software solution provider in the mortgage industry. Candor’s Loan Engineering System is designed to support loan officers, underwriters and processors by producing “decision-ready” loan files aligned with investor guidelines. The system helps to streamline the decision-making process, improve borrower satisfaction and strengthen loan portfolios.

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