FICO Announces Availability of FICO Score Mortgage Simulator for Lender Use
FICO (NYSE: FICO) has announced the launch of its FICO Score Mortgage Simulator, now available through partnership with Xactus, the largest credit reseller. This innovative tool enables mortgage professionals to simulate potential changes in applicants' credit scores by running various credit event scenarios.
The simulator, built by FICO's analytics scientists using the FICO Score algorithm, supports simulations across one, two, or three bureaus and models potential changes to classic FICO Scores used in mortgage lending - FICO Score 2, 4, and 5. This unique capability allows lenders to see potential impacts of borrower actions on FICO Scores, helping them offer more favorable loan terms to customers.
Available through the Xactus360 platform, this tool is the only authorized simulation solution built using the FICO Score algorithm, which is used by 90% of top US lenders. The partnership aims to drive smarter lending decisions and improve customer service in the mortgage industry.
FICO (NYSE: FICO) ha annunciato il lancio del suo FICO Score Mortgage Simulator, ora disponibile grazie a una partnership con Xactus, il più grande rivenditore di crediti. Questo strumento innovativo consente ai professionisti del mutuo di simulare potenziali cambiamenti nei punteggi di credito dei richiedenti eseguendo vari scenari di eventi creditizi.
Il simulatore, realizzato dagli scienziati analitici di FICO utilizzando l'algoritmo del FICO Score, supporta simulazioni su uno, due o tre bureau e modella potenziali cambiamenti ai punteggi FICO classici utilizzati nei prestiti ipotecari - FICO Score 2, 4 e 5. Questa capacità unica consente ai prestatori di vedere i potenziali impatti delle azioni dei mutuatari sui punteggi FICO, aiutandoli a offrire condizioni di prestito più favorevoli ai clienti.
Disponibile attraverso la piattaforma Xactus360, questo strumento è l'unica soluzione di simulazione autorizzata costruita utilizzando l'algoritmo del FICO Score, utilizzato dal 90% dei principali prestatori statunitensi. La partnership mira a promuovere decisioni di prestito più intelligenti e a migliorare il servizio clienti nel settore dei mutui.
FICO (NYSE: FICO) ha anunciado el lanzamiento de su FICO Score Mortgage Simulator, ahora disponible a través de una asociación con Xactus, el mayor revendedor de crédito. Esta herramienta innovadora permite a los profesionales hipotecarios simular posibles cambios en las puntuaciones de crédito de los solicitantes al ejecutar varios escenarios de eventos crediticios.
El simulador, construido por los científicos analíticos de FICO utilizando el algoritmo de FICO Score, admite simulaciones en uno, dos o tres burós y modela posibles cambios en las puntuaciones FICO clásicas utilizadas en los préstamos hipotecarios: FICO Score 2, 4 y 5. Esta capacidad única permite a los prestamistas ver los posibles impactos de las acciones de los prestatarios en las puntuaciones FICO, ayudándoles a ofrecer condiciones de préstamo más favorables a los clientes.
Disponible a través de la plataforma Xactus360, esta herramienta es la única solución de simulación autorizada construida utilizando el algoritmo de FICO Score, utilizado por el 90% de los principales prestamistas de EE. UU. La asociación tiene como objetivo impulsar decisiones de préstamo más inteligentes y mejorar el servicio al cliente en la industria hipotecaria.
FICO (NYSE: FICO)는 최대 신용 리셀러인 Xactus와의 파트너십을 통해 FICO Score Mortgage Simulator의 출시를 발표했습니다. 이 혁신적인 도구는 모기지 전문가들이 다양한 신용 이벤트 시나리오를 실행하여 지원자의 신용 점수의 잠재적 변화를 시뮬레이션할 수 있게 합니다.
FICO의 분석 과학자들이 FICO Score 알고리즘을 사용하여 구축한 이 시뮬레이터는 하나, 둘 또는 셋의 신용 bureau에 걸쳐 시뮬레이션을 지원하며 모기지 대출에 사용되는 고전적인 FICO 점수 - FICO Score 2, 4 및 5의 잠재적 변화를 모델링합니다. 이 독특한 기능은 대출자가 차용자의 행동이 FICO 점수에 미치는 잠재적 영향을 볼 수 있게 하여 고객에게 더 유리한 대출 조건을 제공하는 데 도움을 줍니다.
Xactus360 플랫폼을 통해 제공되는 이 도구는 FICO Score 알고리즘을 사용하여 구축된 유일한 승인된 시뮬레이션 솔루션으로, 미국 주요 대출자의 90%가 사용합니다. 이 파트너십은 더 스마트한 대출 결정을 유도하고 모기지 산업에서 고객 서비스를 개선하는 것을 목표로 합니다.
FICO (NYSE: FICO) a annoncé le lancement de son FICO Score Mortgage Simulator, désormais disponible grâce à un partenariat avec Xactus, le plus grand revendeur de crédit. Cet outil innovant permet aux professionnels de l'hypothèque de simuler les changements potentiels dans les scores de crédit des demandeurs en exécutant divers scénarios d'événements de crédit.
Le simulateur, conçu par les scientifiques en analytique de FICO utilisant l'algorithme FICO Score, prend en charge des simulations sur un, deux ou trois bureaux et modélise les changements potentiels aux scores FICO classiques utilisés dans les prêts hypothécaires - FICO Score 2, 4 et 5. Cette capacité unique permet aux prêteurs de voir les impacts potentiels des actions des emprunteurs sur les scores FICO, les aidant à offrir des conditions de prêt plus favorables aux clients.
Disponible via la plateforme Xactus360, cet outil est la seule solution de simulation autorisée construite en utilisant l'algorithme FICO Score, utilisé par 90 % des principaux prêteurs américains. Le partenariat vise à favoriser des décisions de prêt plus intelligentes et à améliorer le service client dans l'industrie hypothécaire.
FICO (NYSE: FICO) hat die Einführung seines FICO Score Mortgage Simulator bekannt gegeben, der jetzt in Zusammenarbeit mit Xactus, dem größten Kreditverkäufer, verfügbar ist. Dieses innovative Tool ermöglicht es Hypothekenprofis, potenzielle Änderungen der Kreditwerte von Antragstellern zu simulieren, indem verschiedene Szenarien von Kreditereignissen durchgespielt werden.
Der Simulator, der von den Analytikern von FICO mit dem FICO Score-Algorithmus entwickelt wurde, unterstützt Simulationen über ein, zwei oder drei Auskunfteien und modelliert potenzielle Änderungen der klassischen FICO Scores, die im Hypothekendarlehensgeschäft verwendet werden - FICO Score 2, 4 und 5. Diese einzigartige Fähigkeit ermöglicht es den Kreditgebern, die potenziellen Auswirkungen von Borrower-Aktionen auf die FICO Scores zu sehen, was ihnen hilft, den Kunden günstigere Kreditbedingungen anzubieten.
Über die Xactus360-Plattform verfügbar, ist dieses Tool die einzige autorisierte Simulationslösung, die mit dem FICO Score-Algorithmus erstellt wurde, der von 90% der führenden US-Kreditgeber verwendet wird. Die Partnerschaft zielt darauf ab, intelligentere Kreditentscheidungen zu fördern und den Kundenservice in der Hypothekenbranche zu verbessern.
- First-of-its-kind authorized FICO score simulation tool for mortgage industry
- Partnership with largest credit reseller Xactus expands market reach
- Tool enables lenders to offer more competitive loan terms
- Leverages FICO's proprietary algorithm used by 90% of top US lenders
- None.
Insights
FICO's launch of the FICO Score Mortgage Simulator through its partnership with Xactus represents a strategic product expansion that reinforces the company's dominant position in the credit scoring market. As the only authorized simulation tool built using the actual FICO Score algorithm, this offering creates a meaningful competitive advantage in the mortgage lending industry.
The product targets a critical pain point for mortgage professionals—determining how potential credit actions might affect borrowers' FICO scores—while leveraging FICO's core intellectual property. By enabling simulations across multiple bureaus and classic FICO Score versions used in mortgage lending (2, 4, and 5), the company is strengthening its ecosystem within a major industry vertical.
From a business perspective, the distribution partnership with Xactus—described as "the largest credit reseller"—provides immediate access to a significant customer base. The expectation of "rapid adoption" by Xactus's president suggests confidence in market demand, though specific financial projections are absent from the announcement.
While this product likely won't dramatically transform FICO's revenue model, it represents an intelligent extension of their analytics capabilities into practical applications that provide value to both lenders and consumers. The tool effectively monetizes FICO's algorithm expertise while potentially increasing mortgage application success rates, creating a win-win scenario that should drive adoption.
Lenders can use the innovative tool through FICO’s partnership with Xactus to help offer customers more loan options and favorable rates
The FICO® Score Mortgage Simulator is the only authorized simulation tool available to mortgage professionals that is built by FICO’s analytics scientists using the FICO® Score algorithm. Lenders can now access the tool through the Xactus360 platform.
“We are proud to be the pioneering partner to bring the FICO Score Mortgage Simulator to the mortgage industry,” said Shelley Leonard, president of Xactus. “The FICO Score-based tool is a significant achievement for its precision and reliability. Xactus expects to see rapid adoption of the new tool, and we believe it will provide significant value to mortgage professionals, helping them to better serve their customers.”
The FICO® Score Mortgage Simulator enables mortgage professionals to run credit event scenarios by applying simulated changes in an applicant's credit report data to simulate potential changes to the applicant’s FICO® Score. This unique capability lets mortgage professionals see potential impacts of borrower actions on the FICO Score, the most widely used score by mortgage professionals. In a highly competitive mortgage industry, additional insight is invaluable in putting the most favorable terms in front of their customers.
"The FICO Score Mortgage Simulator is the only tool available to mortgage professionals that leverages the trusted FICO Score algorithm to provide unparalleled accuracy and insight while simulating potential impact consumers’ actions can have on their FICO Scores. Ultimately, this tool will allow lenders to better serve their customers as they pursue the dream of homeownership," said Geoff Smith, vice president and general manager, Consumer Scores at FICO.
The FICO® Score Mortgage Simulator supports simulations on one, two or three bureaus, and models potential changes to the classic FICO® Scores used in mortgage lending - FICO Score 2, FICO Score 4 and FICO Score 5. This allows mortgage professionals the widest scope of insight across the FICO Scores they use.
Lenders or credit resellers can learn more about the FICO® Score Mortgage Simulator by visiting: https://www.fico.com/en/latest-thinking/solution-sheet/fico-score-mortgage-simulator.
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by
Learn more at https://www.fico.com/en.
Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.
For FICO news and media resources, visit https://www.fico.com/en/newsroom.
FICO is a registered trademark of Fair Isaac Corporation in the
About Xactus
Xactus – a leading fintech company specializing in verification solutions for the mortgage and financial services industries – leverages advanced technology and industry expertise to provide innovative solutions that streamline loan origination and servicing processes. Our Intelligent Verification PlatformSM, Xactus360, enables clients to make better mortgage decisions faster while increasing efficiency and reducing waste.
For more information, visit xactus.com or follow Xactus on LinkedIn: https://www.linkedin.com/company/xactus-llc/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250310954246/en/
Julie Huang
press@fico.com
Source: FICO
FAQ
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