Xactus Becomes First Technology Partner to Bring FICO® Score Mortgage Simulator to Market
Xactus has partnered with FICO (NYSE: FICO) as its first technology partner to launch the FICO® Score Mortgage Simulator, accessible through Xactus360's Intelligent Verification Platform. The simulator enables mortgage professionals to analyze potential impacts on consumers' FICO® Scores using actual FICO Score algorithms.
The tool allows lenders to run simulated credit scenarios, such as credit card payoffs, to demonstrate how different actions could affect borrowers' FICO Scores and potentially unlock better loan options and interest rates. This partnership aims to help both lenders and borrowers make more informed lending decisions through data-driven simulation capabilities.
Xactus ha stretto una partnership con FICO (NYSE: FICO) come primo partner tecnologico per lanciare il FICO® Score Mortgage Simulator, accessibile tramite la Piattaforma di Verifica Intelligente Xactus360. Il simulatore consente ai professionisti del mutuo di analizzare i potenziali impatti sui punteggi FICO® dei consumatori utilizzando i reali algoritmi di punteggio FICO.
Questo strumento permette ai finanziatori di eseguire scenari di credito simulati, come il pagamento delle carte di credito, per dimostrare come diverse azioni potrebbero influenzare i punteggi FICO dei mutuatari e potenzialmente sbloccare opzioni di prestito e tassi d'interesse migliori. Questa partnership mira ad aiutare sia i finanziatori che i mutuatari a prendere decisioni di prestito più informate attraverso capacità di simulazione basate sui dati.
Xactus se ha asociado con FICO (NYSE: FICO) como su primer socio tecnológico para lanzar el Simulador de Hipoteca FICO® Score, accesible a través de la Plataforma de Verificación Inteligente Xactus360. El simulador permite a los profesionales hipotecarios analizar los posibles impactos en los puntajes FICO® de los consumidores utilizando los algoritmos reales de puntaje FICO.
La herramienta permite a los prestamistas ejecutar escenarios de crédito simulados, como el pago de tarjetas de crédito, para demostrar cómo diferentes acciones podrían afectar los puntajes FICO de los prestatarios y potencialmente desbloquear mejores opciones de préstamo y tasas de interés. Esta asociación tiene como objetivo ayudar tanto a prestamistas como a prestatarios a tomar decisiones de préstamo más informadas a través de capacidades de simulación basadas en datos.
Xactus는 FICO (NYSE: FICO)와 파트너십을 맺고 FICO® 점수 모기지 시뮬레이터를 출시했습니다. 이 시뮬레이터는 Xactus360의 지능형 검증 플랫폼을 통해 접근할 수 있습니다. 이 도구는 모기지 전문가가 실제 FICO 점수 알고리즘을 사용하여 소비자의 FICO® 점수에 미치는 잠재적 영향을 분석할 수 있도록 합니다.
이 도구는 대출자가 신용 카드 상환과 같은 시뮬레이션된 신용 시나리오를 실행하여 다양한 행동이 차용자의 FICO 점수에 미치는 영향을 보여주고, 더 나은 대출 옵션과 이자율을 잠금 해제할 수 있는 가능성을 보여줍니다. 이 파트너십은 데이터 기반 시뮬레이션 기능을 통해 대출자와 차용자가 보다 정보에 입각한 대출 결정을 내리는 데 도움을 주는 것을 목표로 합니다.
Xactus a établi un partenariat avec FICO (NYSE: FICO) en tant que premier partenaire technologique pour lancer le Simulateur de Prêt Hypothécaire FICO® Score, accessible via la Plateforme de Vérification Intelligente Xactus360. Le simulateur permet aux professionnels de l'hypothèque d'analyser les impacts potentiels sur les scores FICO® des consommateurs en utilisant les algorithmes de score FICO réels.
Cet outil permet aux prêteurs de réaliser des scénarios de crédit simulés, tels que le remboursement de cartes de crédit, pour démontrer comment différentes actions pourraient affecter les scores FICO des emprunteurs et potentiellement débloquer de meilleures options de prêt et des taux d'intérêt. Ce partenariat vise à aider à la fois les prêteurs et les emprunteurs à prendre des décisions de prêt plus éclairées grâce à des capacités de simulation basées sur des données.
Xactus hat eine Partnerschaft mit FICO (NYSE: FICO) als erstem Technologiepartner geschlossen, um den FICO® Score Mortgage Simulator zu lancieren, der über die Intelligente Verifizierungsplattform Xactus360 zugänglich ist. Der Simulator ermöglicht es Hypothekenprofis, die potenziellen Auswirkungen auf die FICO® Scores der Verbraucher mithilfe der tatsächlichen FICO Score-Algorithmen zu analysieren.
Das Tool ermöglicht es Kreditgebern, simulierte Kreditszenarien, wie z.B. die Tilgung von Kreditkarten, durchzuführen, um zu demonstrieren, wie unterschiedliche Maßnahmen die FICO Scores der Kreditnehmer beeinflussen und möglicherweise bessere Kreditoptionen und Zinssätze freischalten können. Diese Partnerschaft zielt darauf ab, sowohl Kreditgeber als auch Kreditnehmer dabei zu unterstützen, fundiertere Kreditentscheidungen durch datengestützte Simulationsmöglichkeiten zu treffen.
- First-to-market advantage for Xactus as FICO's exclusive technology partner
- Integration with Xactus360 platform expands service offerings
- Provides competitive advantage through exclusive access to FICO's authentic scoring algorithms
- None.
Insights
FICO's partnership with Xactus to launch the FICO® Score Mortgage Simulator represents a strategic expansion of FICO's scoring technology into targeted mortgage lending applications. This first-to-market collaboration embeds FICO's proprietary scoring algorithms directly into Xactus360's verification platform, creating a unique value proposition for mortgage professionals.
The tool addresses a critical pain point in the mortgage lending process by enabling lenders to simulate how specific consumer actions might affect FICO scores. This functionality creates tangible benefits for multiple stakeholders: lenders gain a consultative tool to guide borderline applicants toward approval, consumers receive actionable insights to improve their scores, and mortgage originators can potentially increase conversion rates for near-miss applications.
From a business perspective, this represents FICO's continued execution on its strategy to monetize its scoring intellectual property through specialized industry applications. By partnering with Xactus, which has existing distribution channels in the mortgage sector, FICO gains accelerated market access while maintaining control of its proprietary algorithms.
While financial terms weren't disclosed, this type of integration typically follows a revenue-sharing or licensing model that could create incremental revenue with minimal additional costs, potentially enhancing margins. The partnership also positions FICO to capture valuable data on mortgage applicant behavior, which could inform future score refinements and product development.
“We are excited about being the first company to partner with FICO to introduce this important tool to the lending community,” said Shelley Leonard, President of Xactus. “Our deep industry connections and experience with score simulation tools will play a key role in the simulator’s roll out and fostering its quick adoption.”
The FICO® Score Mortgage Simulator can be accessed via Xactus360, the industry’s first Intelligent Verification PlatformSM, a data-driven, scalable platform reframing how, what, and when verifications occur. It is the only score simulator for mortgage professionals that uses FICO® Scores and FICO Score algorithms.
"Xactus has been an exceptional partner, and its recognition of the value that a FICO-built and FICO Score-based mortgage simulator brings to the industry is a testament to the company’s forward-thinking approach,” said Geoff Smith, vice president and general manager, Consumer Scores at FICO. “Together, we are thrilled to launch our innovative tool, which will ultimately empower lenders and borrowers to make more informed decisions."
The FICO® Score Mortgage Simulator simulates possible impacts to consumers' FICO® Scores and includes a variety of scenarios to simulate the impact of potential changes to their credit report data. With that information, lenders can help applicants gauge how certain actions could impact their FICO Scores and demonstrate how more loan options and potentially better interest rates could become available based on different scenarios.
For example, a lender can use this tool to run a simulated credit event scenario from a potential borrower’s credit report data, such as paying off a credit card, and see the possible impact to that person’s actual FICO® Score. The simulation can also enable lenders to determine how different strategies may influence potential changes to the consumer’s FICO Score.
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, Xacus360, 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/.
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
*FICO and FICO® Score Mortgage Simulator are trademarks or registered trademarks of Fair Isaac Corporation in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250304654818/en/
Amy Hansen
amy@seroka.com
Source: Xactus
FAQ
What is the FICO Score Mortgage Simulator and how does it work?
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What makes the FICO Score Mortgage Simulator unique in the market?
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