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.
Candor secures Series B backing, revolutionizing mortgage industry with Rice Park.
Latest from News
Fintech booming with $350 billion growth in sector.
TLDR: The fintech sector has grown substantially, amassing over $350 billion in venture capital from 2019 to 2023. Start-ups are capitalizing on digital finance
Catch the latest fintech news in a quick weekly rundown.
TLDR: Bankjoy and nCino announce new partnerships in the fintech industry Significant funding and collaboration news in payments, lending, open banking, wealth management, and
Ameetee secures $1M funding for fintech startup.
TLDR: Ameetee, a fintech startup, has raised $1 million in seed funding to launch a B2B platform for securitizing shares in private companies. The
MTN Boosts Fintech in Africa, the Largest Wireless Carrier.
Article Summary TLDR: MTN Group Ltd. increased fintech transaction volumes by a third last year. MTN now has 72.5 million active users of its
Top fintechs prioritize this function equal to innovators and engineers.
TLDR: Key Points: Fintech success is a combination of innovation, engineering, and compliance. Compliance officers are crucial for the long-term success of fintech companies.