CoreLogic Credco and analytics and decision management technology provider Fico have teamed up to develop new credit risk scoring solutions for the U.S. mortgage industry. The new scoring solutions will leverage the data assets within the recently launched CoreLogic CoreScore Credit Report, along with Fico’s analytics capability, to offer better visibility into borrower credit behavior and future credit risk. The first credit scoring solution will combine the unique data contained in the CoreScore Credit Report with the industry-standard Fico 8 Mortgage Score. Future solutions will build on the first, leveraging application data to provide further loan-level insight and support consistent lending decisions.
Click here for the release from PR Newswire.