CoreLogic, FICO Developing Credit-Risk Analytics

CoreLogic Credco and FICO have signed an agreement to develop new credit-risk scoring products for the U.S. mortgage industry that are based on CoreLogic's CoreScore credit report and FICO's 8 Mortgage Score.

‘This new credit report and credit score will provide the mortgage industry with increased visibility into consumer credit behavior and improved credit risk analysis,’ says Tim Grace, senior vice president of product management and analytics for CoreLogic. ‘We envision this score as the first in a series of new scoring solutions that FICO and CoreLogic will create.’

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