In this episode of Lykken on Lending, David interviews a special guest for the Hot Topic segment with the aim of having a discussion on how Tom Showalter, Founder & CEO of Candor FinTech has applied Aerospace Technology experience to shave 20.6 days from the mortgage manufacturing process.

Quick background of Tom Showalter, Founder & CEO of Candor FinTech

Tom has been in the industry for quite some time, having held key executive roles at industry notables, including Digital Risk, Core Logic, and First American.

Tom has enjoyed performing in a mixture of disciplines: sales, market development, product management, analytics systems design and development, database design and development and other Big Data and Big Analytics experiences.

His focus has been on the financial services space with a special focus on credit card and mortgage industries, both in the primary and the secondary markets.

Included in his background is a tour at NASA, where he developed a variety of aerospace technologies for use in civilian and military aircraft, as well as the former Space Shuttle program. So, we are especially interested in hearing how a Rocket Scientist ended up helping solve some of our industry’s tough challenges.

Talking Points:

1. Why breaking underwriting into tasks is a doomed strategy
2. Understanding the true bottleneck in mortgage manufacturing
3. How Aerospace Technology is being applied to mortgage lending