FICO

SEPTEMBER 28, 2018

I had the pleasure of speaking on a panel at ABS East yesterday, entitled “Traditional vs Non-Traditional Underwriting, Does Machine Learning Teach Us Anything New?”. The panel primarily focused on the opportunities and challenges associated with the use of Machine Learning (ML) in credit underwriting.

Underwriting 53

Underwriting Credit Risk Risk AI 53

FICO

OCTOBER 10, 2022

FICO Fact: Can having no credit score be better for consumers than a low credit score? A low FICO score for a consumer can have the perverse effect of preventing them from having access to a second chance through manual underwriting. Remember: credit scores are only one factor in determining credit readiness.

Consumer 52

Consumer Underwriting Credit Risk Assessments 52

FICO

DECEMBER 8, 2022

Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022). Building portfolio risk resilience into customer acquisition. If we think of a lending portfolio as an exclusive night club, its underwriting policy acts as the doorperson, checking IDs and making sure anyone trying to enter meets minimum acceptance criteria.

Addressing 52

Addressing Risk Underwriting Risk Management 52

FICO

JUNE 30, 2023

Home Blog Feed test ‘FICO Drift’: What Is It, and What Causes It? consumers’ credit scores were “inflated“ after a decade of economic growth and prosperity. We’ve addressed the topic in a blog post , which for those who have read this far, will sound quite familiar! Ethan has a B.S.

Underwriting 52

Underwriting Credit Risk Mitigation Risk 52

FICO

FEBRUARY 28, 2017

In my last blog post , I shared a new FICO research study on credit trends in auto lending. This shift may signal an increase in credit risk for the industry because six-year loans have historically had higher delinquency rates. The post Auto Loan Credit Quality: Hazardous Road Conditions Ahead?

Underwriting 56

Underwriting Credit Risk Risk Accounts 56

FICO

JUNE 23, 2023

The updated model reflects the evolving credit landscape and credit behavior to help better inform a higher level of consumer credit risk prediction. The validation results for FICO Score 10 T demonstrate improved credit risk prediction for this segment of the population.

Risk Assessment 52

Risk Assessment Credit Risk Assessments Risk 52

FICO

MAY 10, 2017

There has been much discussion and several studies over the years regarding the potential value of leveraging rental data in assessing consumer credit risk. Which raises the question: Should rental data be widely reported to the three primary consumer credit agencies (CRAs)? Not Enough Rental Data in Credit Bureau Files Today.

Regulatory Compliance 72

Regulatory Compliance Volume Consumer Underwriting 72

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. and globally -- making access to credit more efficient and objective, which has continued into the present day. chevron_left Blog Home. Average U.S. by Ethan Dornhelm. Ethan has a B.S.

Consumer 98

Consumer Credit Cards Payments Governance 98

PYMNTS

JUNE 16, 2016

FICO said it hopes to provide a tool to underwrite companies’ cybersecurity levels. In a blog post for the company, Clare said lawmakers and industry players need to collaborate and share data to enable a “continuous learning loop” that leads to actionable insight to detect and prevent security breaches.

Security 41

Security Risk Assessment Cybersecurity Assessments 41

FICO

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. million previously “unscorable” consumer files.

BNPL 52

BNPL Posting Underwriting Consumer 52

FICO

JANUARY 10, 2017

Consumers that experienced a foreclosure in the last 24 months, had a 90-day delinquency or have collections only on file will not make it through the mortgage underwriting process given existing policies. In fact, more than 65% of this population have not seen an update to their credit file in over 48 months. Inactive/stale.

Research 81

Research Consumer Risk Assessment Risk 81

FICO

MARCH 15, 2018

You can read about the scorecard approximations of the stochastic gradient boosted trees methodology and results in my blog on building credit risk models using AI and ML. Growing your business while managing risk – that’s the laser-like value proposition FICO origination scores offer. Saying ‘Yes’ to More Applicants.

Origination 40

Origination Risk Underwriting Credit Risk 40

M2P Fintech

JANUARY 28, 2025

In this blog, we’ve curated a list of the top 5 loan management software solutions, and their standout features to help you find the best match for your lending needs. Lets get started!

Payment APIs and Integration 52

Payment APIs and Integration BNPL Regulatory Compliance Compliance 52

FICO

JULY 15, 2022

I'm happy to announce that we've completed the pilot of UltraFICO TM Score, where over 35,000 consumers shared their data with lenders and lenders were able to integrate this advanced technology into their underwriting workflows to safely grant credit where they may have previously declined. chevron_left Blog Home. No, it's not.

Financial Inclusion 52

Financial Inclusion Underserved Consumer Innovation 52

FICO

NOVEMBER 12, 2019

For your benefit, we will periodically reproduce these conversations in FICO blog posts. Julie: There are three primary reasons that synthetic identity fraud has been an elusive problem for quite some time: As you pointed out earlier, a lot of synthetic fraud gets written off as a credit loss—in the U.S.,

Credit Risk 40

Credit Risk Crime Data Breach Research 40

M2P Fintech

FEBRUARY 28, 2025

This blog dives into 10 major types of Loan Management Systems (LMS), exploring how these powerful solutions can automate your processes, mitigate risk, and drive growth. Streamlining operations, enhancing compliance, and improving customer experiencesthese are the cornerstones of a successful lending business.

Payment APIs and Integration 52

Payment APIs and Integration Assessments Best Practices Compliance 52

PYMNTS

APRIL 30, 2018

Today, the hype machine, which is the fuel of the investments in blockchain and crypto, rooted in a world run by algo-driven, permissionless networks, appears to be little more than a bunch of academic white papers and blog posts that sound great in the echo chambers. All you need for proof is to just follow the smart money. Digital Banks.

FinTech 73

FinTech Blockchain Distributed Ledger Technology (DLT) FTC 73