New agreement enables the direct delivery of FICO® Scores, streamlining credit score access and enhancing transparency for mortgage lenders
Global analytics software leader FICO and Xactus, a fintech and market leader in verification solutions for the mortgage industry, announced that Xactus is the first verifications provider to finalize a multi-year agreement to participate in the FICO® Mortgage Direct License Program. This milestone partnership marks a major step forward in transforming how credit scores are delivered to the mortgage industry.
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Xactus is the first verifications provider to finalize a multi-year agreement to participate in the FICO® Mortgage Direct License Program.
The FICO Mortgage Direct License Program will empower tri-merge providers, such as Xactus, to calculate and deliver FICO® Scores directly to lenders. Xactus is collaborating closely with FICO to implement the program, ensuring seamless access to FICO® Scores for its clients and supporting the modernization of credit infrastructure in the $12 trillion U.S. mortgage industry.
“We believe this partnership with FICO will fundamentally reshape how FICO Scores are delivered and priced in the mortgage industry,” said Shelley Leonard, president at Xactus. “This innovation reflects our ongoing dedication to expanding choice and flexibility for our customers. We’re proud to be the first to partner with FICO to introduce this solution and to help our clients thrive in an increasingly competitive and dynamic marketplace.”
By streamlining score delivery, the FICO® Mortgage Direct License Program enables lenders to save up to 50% on per-score FICO fees, while providing flexible pricing models that reflect the critical role of the FICO® Score in mortgage funding and liquidity.
“This milestone partnership with Xactus accelerates our commitment for a more transparent, competitive, and cost-efficient mortgage lending marketplace,” said Julie May, vice president and general manager of B2B Scores at FICO. “Together, we are empowering lenders to choose the pricing model that works best for their business and customers.”
A formal update will be provided once the solution is commercially available at Xactus, including details on how lenders can begin accessing FICO® Scores directly via the FICO Mortgage Direct License Program at Xactus.
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