AI-based mortgage underwriting platform Candor conducted layoffs, but the company did not disclose how many jobs were affected.
According to its Crunchbase profile, the company had 51-100 employees.
Candor enables mortgage lenders to generate loans while improving productivity through its CogniTech platform.
- The company claims customers save 14-19 days from cycle time as its technology eliminates queuing.
- CEO Tom Showalter said in a statement that the company is executing a change in strategy to address the ever-changing mortgage market.
- In Aug. 2021, the company raised a $12.5M Series A round led by Arthur Ventures.
