Longbridge appoints new head of credit policy, underwriting and QC
Longbridge Financial has appointed Patrick Halonen to lead its credit policy, underwriting and quality control efforts.
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Older Americans are increasingly reliant on credit cards to cover basic living expenses
Large shares of older Americans are increasingly reliant on credit cards to cover basic expenses, including for housing, according to AARP.
Xactus, FICO launch Score Mortgage Simulator
Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility. The simulator, developed by FICO, is the only mortgage industry tool that uses FICO scores and FICO score algorithms. It is now available through verification […]
CreditXpert announces launch date for new credit optimization platform
The company is sunsetting a pair of tools as it focuses on credit optimization rather than traditional credit repairs.
Fannie Mae’s new version of DU to focus on credit risks
A new version of Fannie Mae’s Desktop Underwriter arrives in January with a series of changes for evaluating credit risk from borrowers.
VantageScore unveils mortgage resources to ease the transition to 4.0 credit model
In preparation for widespread credit scoring changes, leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 credit model.