Four more mortgage lenders have joined FICO’s Preferred Program, extending a recent series of sign-ups as the industry prepares to work with more than one credit-scoring model. The additions are DHI Mortgage, loanDepot, Paramount Residential Mortgage Group and...
VantageScore is changing leadership at a consequential point in the mortgage industry’s credit-scoring transition. Silvio Tavares has stepped down as president and chief executive after five years, and the company’s board has appointed Anthony Hutchinson...
Three large mortgage lenders have enrolled in FICO’s Preferred Program, giving the credit-scoring company additional commitments as mortgage lenders evaluate competing models. Fairway Home Mortgage, Movement Mortgage and Rate will continue obtaining FICO scores...
VantageScore has introduced a mortgage credit-score simulation API designed to show lenders how particular changes to a borrower’s credit file might affect a VantageScore 4.0 result. The October 16 launch adds another tool to an increasingly competitive mortgage...
Pennymac has completed deployment of VantageScore 4.0 across its consumer direct, broker direct and correspondent mortgage businesses, putting another major mortgage platform into production with the newer credit-scoring model. PennyMac Financial Services announced...
Sunrise Realty Trust Earnings Fall as Southern Realty Merger Closes
