FICO Launches Direct-to-Lender Credit Reporting Program

Streamlining distribution optimizes costs for both resellers and consumers, as well as increases transparency, FICO said.
FICO Launches Direct-to-Lender Credit Reporting Program
A new program could potentially reshape the way mortgage lenders access customers’ credit scores. Casper1774 Studio/Shutterstock
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Fair Isaac Corp. (FICO) of Bozeman, Montana, launched on Oct. 1 a program that could potentially reshape the way mortgage lenders access customers’ credit scores by sidestepping the country’s three primary credit-reporting agencies.

FICO’s mortgage direct licensing program allows “tri-merge resellers”—companies that bundle credit history data from Equifax, TransUnion, and Experian into a merged credit report—to bypass the credit-reporting bureaus and calculate and distribute FICO scores directly to mortgage lenders.

Rob Sabo
Rob Sabo
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Rob Sabo has worked as a business journalist for nearly two decades and covers a broad range of business topics for The Epoch Times.