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Mortgage Lenders Report Strong Results from Early Adoption of FICO Score 10 T

1. FICO reports strong results in Score 10 T Early Adopter Program. 2. Clients span $264B originations and $1.43T servicing. Mortgage lenders adopt model.

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FAQ

Why Bullish?

The robust early adoption of Score 10 T indicates expanding revenue channels and investor confidence, reminiscent of past product rollouts that lifted FICO’s valuation.

How important is it?

The significant scale of mortgage originations and servicing adoption points to material, long-lasting benefits for FICO’s financial profile.

Why Long Term?

The sizeable mortgage portfolio integration suggests enduring recurring revenue potential, supporting growth well into the future.

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EFXTRU
BOZEMAN, Mont.--(BUSINESS WIRE)---- $FICO--FICO (NYSE:FICO), a global analytics software leader, today announced strong results from its FICO® Score 10 T Early Adopter Program, which enables mortgage lenders to implement the latest and most predictive FICO® Score model for non-GSE loans. FICO now has clients with over $264 billion in annualized mortgage originations and approximately $1.43 trillion in eligible mortgage portfolio servicing that have signed up for FICO Score 10 T. Firms are adopting the sc.

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