OneMain Financial Adopts FICO Decision Management Technology for Mortgage Modification

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MINNEAPOLIS – October 23, 2012 – FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that OneMain Financial, the consumer finance unit of Citigroup, has adopted FICO decision management technology for its mortgage modification solution as part of its ongoing effort to assist homeowners facing today’s challenging economic environment.

The mortgage modification solution combines the FICO® Blaze Advisor® business rules management system with FICO’s powerful analytics to quickly and effectively identify loan modifications that will meet customer needs while ensuring continued portfolio profitability. The solution uses a flexible Net Present Value (NPV) test to enable lenders to take the best loan remediation path based on their policies, cost structure and risk dynamics. Since historically many modified mortgages have resulted in re-default as the terms remained unaffordable for borrowers, the NPV formula finds modifications that will reduce the re-default rate.

“At OneMain Financial, we are not just in our customers’ neighborhoods, we are in their communities, and it is important for us to provide straightforward loan modification terms that best meet homeowners’ needs,” said Amy Manning, senior vice president of Risk at OneMain Financial. “After extensive research on the commercial solutions available to help us make better NPV-based modification decisions, it became clear that FICO best met our needs. By partnering with FICO we were able to implement a fully tested solution in only a few months, and the solution is already helping us make better decisions.”

“FICO was able to develop a mortgage modification solution for OneMain Financial that can be quickly tailored to its needs, and provide everything from better eligibility rules to portfolio simulation,” said Bill Waid, vice president of client services in North America at FICO. “Far from delivering a ‘one size fits all’ NPV model, FICO analysts worked closely with OneMain Financial to provide a streamlined and consistent approach to solving for the ideal treatment for each consumer incorporating its unique business model and objectives.”

About OneMain Financial
OneMain Financial provides personalized loan solutions and one-on-one, local service at 1,200 branches nationwide. With a 100 year heritage of helping people realize their financial goals and dreams, their employees are part of the communities where they live and work. OneMain Financial works with each customer to find a solution that best fits their needs and budget, offering a straightforward loan application with fixed rates and clear terms. Additional information may be found at;

About FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through

FICO: Make every decision count™.
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Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2011 and its last quarterly report on Form 10-Q for the period ended June 30, 2012. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, Blaze Advisor and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

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