FICO® Score 10T is Providing MCT Clients Better Pricing and Deeper Insights on Mortgages

MCT's Curtis breaks down how FICO® Score 10T is delivering real, measurable results for lenders — including better pricing on loan sales and deeper insights for servicing valuation. As the industry moves toward fully digital, data-driven marketplaces, FICO Score 10T is a critical tool for reducing credit risk, increasing approvals, and helping more borrowers qualify for better loan programs.

• Early adopters of FICO Score 10T on Mortgage Capital Trading (MCT)'s platform are seeing an average of 19 basis points better price execution on approximately 10% of loans traded — proving that more data directly translates to better revenue.
• FICO Score 10T is significantly underutilized in mortgage servicing valuation, where it can enable more precise pricing and smarter decisions about whether to hold or sell servicing rights.
• FICO Score 10T is creating measurable value on both sides of the mortgage transaction — on the sell side, lenders are earning more in their loan sale process, while on the buy side, investors gain deeper insights into the borrower, the loan, and the servicing asset they are acquiring.
• FICO Score 10T extends credit access to both lenders and borrowers. Lenders who provide FICO Score 10T rather than the classic FICO score earn superior pricing and more borrowers qualify for loan programs with FICO Score 10T versus the classic FICO score

For more information about FICO® Score 10T and how to transition to the 10T score model, visit our 10T site https://www.fico.com/en/ficoscore10