Fair Isaac Corp., the company behind the FICO credit score, is eliminating approximately 15% of positions across the company as part of a restructuring that will reduce management layers and integrate artificial intelligence into product development. The workforce...
United Wholesale Mortgage will now obtain both FICO and VantageScore 4.0 on every credit pull and automatically use the strongest qualifying score for the borrower, moving beyond simply giving brokers access to both models. The Pontiac, Michigan-based wholesale lender...
Fair Isaac Corp. shares collapsed roughly 27% Tuesday, their worst one-day decline since 1989, as investors confronted a sharper threat to FICO’s long-dominant position in U.S. mortgage credit scoring. The closing selloff was substantially deeper than the...
The agency has finally put a date on one of the biggest changes to FHA mortgage credit scoring in decades. Beginning Jan. 1, lenders will be able to use VantageScore 4.0 and FICO Score 10T alongside Classic FICO for eligible FHA loans, but the implementation rules...
Two Indicted in Alleged Mortgage Fraud Scheme With $5.9 Million in Potentia…
