Transparency into this credit score evaluation is essential to maintaining trust and confidence across the mortgage industry.

Simulation and optimization are two different technology approaches that can dramatically improve the results of your decision strategies and improve customer centricity

The Federal Housing Finance Agency’s interim “lender choice” policy introduces a dangerous precedent that increases adverse selection risk that will raise prices for consumers. 

An analysis by FICO data scientists has found that FICO Score 10T significantly outperforms VantageScore 4.0 in mortgage origination predictive power. 

Inappropriate comparisons between credit scoring models could threaten liquidity and consumer access to affordable credit

The FICO Score is a primary factor in determining consumer credit risk for mortgage originations, secondary market, and portfolio management with consumer and regulatory benefits

What student loan borrowers can do to help avoid negative impacts to their credit scores as the federal loan “on-ramp” period ends

The royalty FICO collects for the FICO Score is the lowest among all other components commonly included in mortgage closing costs.

Milliman assessment evaluates updated FICO models coming to mortgage industry

The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL.

What can banks do to assist consumers with their financial health – and can this be profitable?

Pandemic impact on FICO Scores and the introduction of the FICO Resilience Index

Lenders gain up to a ten percent predictive lift with FICO Score 10 Suite over previous FICO Score models.