FICO® Mortgage Score

• 15% more predictive in key segments
  Early validation testing shows predictive improvements of up to 15% in key population segments, compared to the classic FICO® Score. The score identified more high-risk mortgages that later became seriously delinquent.
• Tailored for the mortgage industry
  In light of today’s housing crisis, lenders require a more powerful score for mortgage risk. The FICO® Mortgage Score builds upon the predictive power of the FICO® 8 Score. FICO scientists have fine-tuned the score for assessing mortgage repayment risk by refining segmentation, predictive characteristics and more.
• Designed for servicing and underwriting
  While the short-term focus is on servicing for mortgage loan modifications, the score is also designed with the long-term intent for use in mortgage originations and servicing.
• Saving the industry billions
  Validation results suggest that the use of the score potentially could save the mortgage industry $1 billion in foreclosure costs and help keep an estimated 115,000 more struggling homeowners in their homes.

• More scorecards for more power
  The score includes 17 distinct scoring models, increased from the 12 included in the base FICO® 8 Score. This allows for more refined risk assessment of mortgage consumers that's better tuned to reflect mortgage-specific risk performance. Five segments evaluate the future risk among mortgage consumers, including first mortgages.
• Recent data improves assessment
  The score is developed using theFICO® 8 Score data samples from all three major CRAs with 24-month performance windows. The score has also been validated on more recent samples from all three CRAs, including on shorter windows of six and twelve months for lenders interested in understanding risk in the short term to reduce early payment defaults.
• Incorporates extensive research on what's predictive
  To create the FICO® Mortgage Score, dozens of possible new mortgage- and HELOC-related characteristics were explored. Only the most uniquely predictive characteristics are included in the score. As a result, the score includes additional reason codes that help lenders understand and explain the scores.
• Easy to implement
  To assist clients, the FICO® Mortgage Score retains the same 300-850 score range, minimum scoring criteria and inquiry treatment as previous versions of the FICO® Score.

The FICO Mortgage Score is now available to mortgage lenders and servicers for use in loan origination and servicing decisions in online and batch mode from all three major CRAs.

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