CoreLogic and FICO agreed to develop new credit risk scoring solutions for the U.S. mortgage industry. The new scoring solutions will leverage the unique data assets within the CoreLogic CoreScoreTM Credit Report announced last week, along with FICO’s industry-leading analytic expertise, to provide lenders increased visibility into borrower credit behavior and future credit risk.
“Lenders today need as much actionable consumer information as possible so they can safely grow origination volumes and avoid future losses,” said Greg Pelling, vice president of Scoring and Analytics for FICO. “CoreLogic’s unique data allows us to lever FICO’s deep analytic expertise and industry-standard mortgage score to create the consumer credit risk insights lenders need in today’s volatile market and for the future.”
For more information, read FICO and CoreLogic® to Develop New Credit Risk Scoring Solutions