DONATIONS ON EACH CLOSED LOAN

We believe in “the golden rule” which encompasses the spirit of giving. However, without you, our valued client, we would have nothing to give.  Therefore, instead of us randomly picking and choosing who the recipients will be, we instead turn to you for guidance. We recognize that people have a charitable organization that is near and dear to their heart.  The list of worthy causes would fill our entire website.  So, instead of us deciding where a gift should be made, we request that YOU determine the beneficiary of the donation made by Candor after your loan closing.  This is how it works:

At the time of application, Candor will provide you with a Donation Certificate.  You will complete two sections on the Donation Certificate:

1. The Beneficiary’s Name
2. Requested By

Then, just return the completed Donation Certificate to Candor along with your loan application package.  After your loan closes, Candor will send a donation to the designated recipient.  Donation amounts vary between $25 and $500 depending on numerous factors.  In order for this program to be compliant and thrive, only legitimate charitable organizations are permitted.

DONATIONS AT YEAR END BASED ON PROFITABILITY

During the boom years, many mortgage companies paid their loan officers bonuses that were calculated as a percentage of the income produced by each individual.  Those bonuses have been long gone as many companies have closed their doors.  Of the ones remaining, many have implemented cuts in loan officer commissions and therefore, simply cannot afford to pay a bonus anymore. 

However, unlike our Donation Certificates, this can be ANY cause and does not have to be an IRS qualified charitable organization.  Here are some possible uses:

1. A family pet is in need of an operation that they cannot afford.
2. Somebody was in an automobile accident and is unable to pay their deductible.
3. An elderly widow cannot afford to repair her leaking roof.
4. The choices are limitless.