Candor Mortgage Corp. Ratings & Reviews

Write Review

Candor Mortgage Corp.

About Candor Mortgage Corp.

Candor Mortgage Corporation was created by a team of highly seasoned mortgage professionals as a solution to the many issues that plague today’s mortgage companies. Of the mortgage companies still in existence after the meltdown in the industry, there...

Read more

This lender is new to our network. Be the first to write a review.

Candor Mortgage Corporation was created by a team of highly seasoned mortgage professionals as a solution to the many issues that plague today’s mortgage companies. Of the mortgage companies still in existence after the meltdown in the industry, there are significant commonalities causing them to struggle and hindering them from being competitive. The end result necessitates that exorbitant expenses for executive salaries, commercial space to house employees and stifling bonding and insurance costs get passed on to the customer in the form of higher rates and fees.
Candor Mortgage Corporation does not have executive salaries as our each of our principals assumes one of the top level management positions and only receives income when justified by the company’s earnings.
For the remaining staff positions, Candor Mortgage Corporation has also strayed from hiring too many employees who demand fixed salaries. Instead, employee’s incomes are variable and are derived from performance of tasks so that the company does not have a massive payroll expense during cyclically slower times.
Since Candor Mortgage Corporation was born in response to and in the midst of the mortgage crisis, the company did not exist during the boom times. Therefore, our bonding and insurance costs are relatively small compared to our competitors.
Candor Mortgage Corporation is firmly committed to doing our part to combat global warming. We believe that by doing so, we can create true win/win/win situations. One approach is that we encourage our employees to telecommute. This helps reduce the demand for gasoline while at the same time reduces harmful emissions into the atmosphere. Furthermore, it fosters vibrant and positive employee morale which equates to greater productivity. These efforts are not in vain since they result in significantly lower overhead as compared to our competitors.
These initiatives equate to lower rates and fees to our valued clients! Candor Mortgage Corporation also believes that it’s important to help those who are less fortunate than us. To follow through on this sentiment, we donate a significant amount of money for every loan that closes. We recognize that each person has a charity or organization that is near and dear to their heart. Therefore, we do not select the beneficiary. Instead, you do! Whether it’s your church, the boy scouts, the American Heart Foundation, a homeless shelter or countless other worthy causes, the funds will be sent on your behalf once the loan closes. At the time of application you will receive a certificate whereby the name of the payee is blank. Just fill in the payee’s information and submit the certificate to us with the rest of your application. Then, once the loan closes, we will forward the funds to your designated beneficiary.
We look forward to the opportunity to exceed your expectations!