June 23-26, 2013
INFORMS Healthcare 2013
October 6–9, 2013
2013 INFORMS Annual Meeting
June 5-6, 2013
Customer Analytics Summit 2013
June 10-14, 2013
Predictive Analytics World
September 8-14, 2013
2013 ASE/IEEE International Conference on Big Data
CoreLogic, FICO to develop new credit risk scoring solutions
CoreLogic, a leading provider of information, analytics and business services, and FICO will develop new credit risk scoring solutions for the U.S. mortgage industry. The new scoring solutions will leverage the unique data assets within the recently released CoreLogic CoreScore Credit Report along with FICO’s industry-leading analytic expertise, to provide lenders increased visibility into borrower credit behavior and future credit risk.
“Lenders today need as much actionable consumer information as possible so they can safely grow origination volumes and avoid future losses,” says Greg Pelling, vice president of Scoring and Analytics for FICO. “CoreLogic’s unique data allows us to lever FICO’s deep analytic expertise and industry-standard mortgage score to create the consumer credit risk insights lenders need in today’s volatile market and for the future.”
The first credit scoring solution will combine the unique data contained in the CoreScore Credit Report with the industry-standard FICO 8 Mortgage Score, producing a sharper, predictive view of the consumer. Future solutions will build on the first, leveraging application data to deliver additional loan level insight and support more intelligent and consistent lending decisions.
“By blending the unique data from CoreLogic with the analytic expertise of FICO, we will be able to deliver a new and more predictive credit score with our recently launched CoreScore Credit Report,” adds Tim Grace, senior vice president of Product Management and Analytics for CoreLogic. “Together, this new credit report and credit score will provide the mortgage industry with increased visibility into consumer credit behavior and improved credit risk analysis. We envision this score as the first in a series of new scoring solutions that FICO and CoreLogic will create for use in the mortgage industry and beyond.”