Candor Technology, a mortgage AI firm specializing in automated underwriting, has conducted layoffs as part of a strategic shift to adapt to the challenging mortgage market. While the exact number of affected employees is undisclosed, the company is estimated to have between 51 and 200 total staff, with 65 listed on LinkedIn. CEO Tom Showalter cited the need to optimize personnel levels amid industry headwinds, as lenders are cutting costs. The Georgia-based tech startup, which serves about 40 lenders and raised $12.5 million in 2021, aims to continue developing new products to provide value in a changing environment.
