Tom Booker Joins Candor Technology as Chief Strategy Officer

BY Business Wire | AGENCY | 09/22/21 08:01 AM EDT

Former CoreLogic & Fannie Mae leader to head strategic initiatives to accelerate Candor Technology?s market growth and industry innovation

ATLANTA--(BUSINESS WIRE)-- Candor Technology today announced that E. Thomas Booker, III has joined the company as its Chief Strategy Officer.

This press release features multimedia. View the full release here:

Booker brings 30 years of experience in securities, technology, product development, solution delivery to Candor Technology. Most recently Tom served as a managing director at The Collingwood Group, where he provided business strategy consulting and strategic transaction support to capital markets participants and technology/service providers.

Prior to joining Collingwood, Booker oversaw the marketing, development, policy and solution delivery functions associated with the Government Sponsored Entities for CoreLogic. Under Booker?s leadership, the company developed and delivered outsourced applications, tailored analytics and valuation solutions in addition to rules-based claims management applications. Additionally, Booker served as an executive at Fannie Mae and a general manager at the IBM Company during his career.

?Candor?s Underwriting Decision Science is the most significant application of information science to a high-value business problem the mortgage markets have seen in decades,? said Booker. ?Candor has developed a compelling response to address the cost, quality and throughput challenges at the heart of mortgage lender profitability.?

?We are excited to have Tom join our team,? said Thomas Showalter, Candor?s CEO. ?He has a keen sense for where the markets, lenders, investors, analytics and technology meet to address the business realities and evolving demands of the real estate finance industry.?

About Candor Technology

Candor Technology?s Loan Engineering System is in a category all its own: Mortgage Decision Sciences. The first of its kind risk analysis, identification, and mitigation machine empowers lenders to optimize their workforce and positions them for the type of sweeping process innovation that fundamentally improve the economics of making a mortgage.

Source: Candor Technology

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.