Mortgage tech news roundup: Sept. 16

In his new job, Catinella will work directly with Total Expert’s customers and prospects to address industry pain points and respond to financial trends. He will also help spot and develop innovation strategies that promote modern lending best practices for customers using the platform.

Candor Technology

Candor Technology disclosed it won a US patent for cutting-edge underwriting technology.

Specifically, the patent is for its ConiTech Expert System, which models an underwriter and forensic auditor’s critical thinking.

The technology is designed to operate as an unbiased data matching and validation system, conducting a consistent underwriting of a loan or other financial asset. It creates a transparent and auditable underwriting trail preserved in a permanent, immutable, quantum ledge database.

Candor, an Atlanta-based company, said the patent helps further its business strategy to conduct autonomous, extensive loan data analysis using expert systems technology. That analysis is then leveraged to make complex underwriting decisions and clear conditions, leaving the underwriter to be able to focus on more difficult tasks.