Skip to main content

Advanced FICO Analytics Incorporated into Experian's MBS Solution

NationalMortgageProfessional.com
Oct 04, 2010

FICO, a provider of analytics and decision management technology, has announced that Experian Capital Markets is adding, as an option, the most advanced FICO credit score to its CreditHorizons for Securities solution. Sellers and investors of mortgage-backed securities (MBS) use Experian's CreditHorizons for Securities to surmount the limitations of loan-level data when analyzing credit risk in MBS. The addition of the FICO Score, branded by Experian as the Experian/FICO Risk Model, will give RMBS managers, marketers and investors deeper insights for evaluating creditworthiness of the underlying mortgages in non-agency loan pools. CreditHorizons for Securities is used to improve pricing strategies on the sell side, while helping buyers make investment decisions with greater confidence and improve risk management. The FICO Score brings an added dimension of predictive power, enabling users to better assess risks of delinquencies and defaults from securitized mortgages. Investors benefit from using fresh FICO scores instead of scores calculated when loans were originated, since recently reported changes in borrowers' credit behavior will likely change their credit risk. "FICO is the dominant provider of credit scoring solutions to the mortgage industry," said Jordan Graham, executive vice president of scores at FICO. "As an extension of this position, we are excited to offer more comprehensive solutions to support the needs of the secondary market and securitization process for US mortgages. We believe this combination of Experian Capital Markets and FICO solutions will increase investor confidence and make for a more efficiently functioning market." For more information, visit www.myFICO.com.
Published
Oct 04, 2010
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Jan 26, 2023