FICO plans 15% workforce cut and fewer management layers
FICO is set to reduce its workforce by 15% and simplify its management structure as regulators and major lenders give greater consideration to competing credit-score models.
Topic: #CreditScores
3 storiesReporting and analysis grouped around #CreditScores.
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UWM adopts dual credit-score pulls and selects the stronger result
UWM will retrieve both FICO and VantageScore on each credit inquiry, then automatically use the more favorable result in its mortgage lending process.
CHLA backs Pulte proposal for GSE credit score disclosures
The Community Home Lenders of America has urged the Federal Housing Finance Agency to support a proposal seeking fuller credit-score disclosures from the mortgage enterprises.