FICO Direct License Program as a Catalyst

24 days ago

Tom Keen with Paul Sweeney and Lisa Mateo

"So Fair Isaac, they announced a new program that's going to give mortgage lenders the option to calculate and also distribute FICO store scores directly to customers. So FICO shares, they were up as much as 19%. The company said it's going to help drive price transparency, cost savings to mortgage lenders, mortgage brokers, but it basically eliminates the reliance on nationwide credit bureaus. Analysts are saying it's a big win for FICO."

FICO has launched a direct license program that allows mortgage lenders to directly calculate and distribute FICO store scores, potentially reducing dependency on nationwide credit bureaus. This change is being viewed as a major win, with the stock surging up to 19% and analysts highlighting its potential to drive cost efficiencies for the mortgage industry.

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