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Mortgage AI firm Candor conducts layoffs

Candor Technology Inc., a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs. 

“Candor is executing a change in strategy to address the ever-changing mortgage market and to pivot along with client operations,” Tom Showalter, CEO of Candor, said in an e-mailed response. 

With various headwinds working against the mortgage industry, Candor is in a position of optimizing personnel levels, Showalter explained.

Candor didn’t respond to requests for comment on the size of the company and the layoffs. The company is estimated to have between details ⇒

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