New era in mortgage credit risk: Impact and considerations 2023
The mortgage industry has seen extraordinary shifts over the last few quarters, but with the approval of FICO® Score 10T by the FHFA for mortgage, change is on the wind
The FICO® Score Open Access program allows lenders to help educate Canadian consumers about their FICO® Scores by providing comprehensive and transparent information to help them understand their scores.
FICO® Score 10 supports predictive consumer credit risk management for Canadian lenders. FICO® Scores are used by 90% of top Canadian lenders and credit unions and have been an industry standard measure of risk for over 25 years.
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