TRUE and Candor unveil income verification tool, Instant Income Clarity
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TRUE and Candor unveil income verification tool, Instant Income Clarity
"This is the kind of breakthrough our industry has been waiting for, said Steve Butler, CEO of TRUE. By combining Candor's proven underwriting automation with our autonomous data processing, we're delivering speed, accuracy, and scale that simply haven't been possible before. Instant Income Clarity is the first result of our partnership, and it's only the beginning."
"TRUE and Candor share a vision for a fully autonomous and transparent loan manufacturing process, added Ryan Edmonds, CEO of Candor. By uniting clean, trusted data with warranted, trusted decisions and calculations, we are collapsing timelines, reducing risk, and eliminating waste in ways that fundamentally transform how lenders operate."
TRUE and Candor partnered to launch Instant Income Clarity, a tool that verifies borrower income in minutes and shares results with loan officers and branch teams. The platform combines TRUE's Background AI workers with Candor's decisioning engine, which has supported more than 600,000 underwritten loans with zero repurchases. The tool delivers GSE-aligned, verified income analysis instantly, replacing manual review and offshore outsourcing that can take hours or days. The system automatically updates as new borrower documents are added, supports W-2, self-employed, commission, rental and retirement income, and automates routine income analysis while preserving underwriter oversight.
Read at www.housingwire.com
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