For data scientist Sara Knochel, the thing about data analytics is that to apply it successfully, you have to understand the business you’re in. Knochel has made a career applying her skills to all things mortgage — topping it off with an MBA to refine her business acumen — which has led her to assume her role as CEO of data and analytics at Candor Technology. Knochel is guiding a team at the forefront of mortgage technology through the use of cutting-edge AI that effectively automates an underwriter’s thought process while performing credit and information risk assessments.
Knochel and her team have built Candor’s CogniTech Expert System Technology, which simulates the decision-making ability and high-level cognitive tasks of human experts and recently earned a U.S. patent. The impact of this technology is groundbreaking, promising to change the face of mortgage lending by automating the costliest and most time-consuming portion of origination: how underwriters conduct credit and information risk assessment. Thanks to Knochel’s leadership on this project, CogniTech’s results have been extraordinary, with clients reporting significant improvements to cycle times and pull-through rates.
Name:
Sara Knochel
Title:
CEO of Data and Analytics
Company Name:
Candor Technology
Industry
Mortgage
