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 mortgage industry’s standards body is adding three executives with unusually direct stakes in one of the business’s biggest technology transitions: how lenders measure credit risk, exchange borrower data and govern the growing use of automation. MISMO...
VantageScore has announced the Federal Housing Administration (FHA) will begin accepting mortgage collateral backed by its VantageScore 4.0 credit scoring model starting on Jan. 1, 2027. The announcement follows this week’s declaration by Federal Housing Finance...
Equifax Says Nearly 2,000 Mortgage Firms Used Its VantageScore Offer
