CIC Credit has announced that it will participate in the FICO Mortgage Direct License Program, a new initiative from global analytics software provider. The program streamlines score access, enabling CIC to provide better FICO Score pricing to its customers.
Through the FICO Mortgage Direct License Program, CIC can now calculate and distribute FICO Scores to its customers directly. By streamlining distribution, the program enhances price transparency and expands access to mortgage lenders, mortgage brokers, and other industry participants.
“At CIC Credit, we are excited to offer our lender partners the new direct-licensing option for FICO Scores alongside our traditional delivery methods,” said Mike Thomas, COO of CIC Credit. “This expansion enhances our role as a trusted provider of the FICO Score Mortgage Simulator and empowers lenders with greater flexibility and choice in how they access and implement the industry-standard score.”
Founded in 1921 and headquartered in Goodlettsville, Tennessee, CIC Credit is a provider of advanced credit-reporting, verification, fraud-detection, and screening services tailored to the mortgage, finance, and broader commercial markets.
“Partnering with CIC Credit is an important step in reshaping how FICO Scores are accessed and delivered in mortgage lending,” said Julie May, vice president and general manager of B2B scores at FICO. “The FICO Mortgage Direct License Program introduces a transparent, cost-effective model that complements traditional delivery methods, ensuring lenders have options that fit their business needs.”
Founded in 1956, FICO specializes in predictive analytics and data science to improve operational decisions. FICO holds more than 200 U.S. and foreign patents on technologies that increase profitability, customer satisfaction, and growth for businesses in financial services, insurance, telecommunications, healthcare, retail, and many other industries. The FICO Score, used by 90% of top U.S. lenders, is the standard measure of consumer credit risk in the U.S. and has been made available in over 40 other countries, improving risk management, credit access, and transparency.
