Fair Isaac Corporation

07/09/2025 | Press release | Distributed by Public on 07/09/2025 11:04

FICO Issues Statement on Changes to Mortgage Credit Score Updates

FICO welcomes competition on a level playing field among credit score providers. We compete vigorously in every U.S. consumer credit market, and the FICO® Score is freely chosen by lenders, investors, and other market participants because it is trusted as the most predictive and reliable credit score. FICO scores are the industry standard and preferred choice for evaluating creditworthiness in the mortgage process, regardless of whether the loan is conforming or non-conforming.

For decades, FICO has led the industry in innovation, from incorporating the use of telco and utility data in FICO Classic to the inclusion of rental data and trended data in FICO® Score 10T, thereby expanding credit access for both urban and rural borrowers. The mortgage marketplace has rapidly embraced FICO® Score 10 T's ability to deliver lower costs and greater access for homebuyers.

The safety and soundness of the system is built on the integrity of the FICO® Score.

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