Automatic Underwriting

Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. Also, Candor’s LES not only automates underwriting decisions for FHA loans but also offers a warranty on income calculations and cleared conditions for funded FHA loans.

Ardley Technologies, Inc., a provider of mortgage technology solutions that streamline loan origination and enhance loan closing rates, has launched Autopilot, a white-labeled automatic underwriting engine that enables lenders to create instant, conditional loan approvals for qualified borrowers.