Fair Isaac Corporation (NYSE:FICO) introduced the FICO Mortgage Direct License Program, offering a new way to access FICO Scores in the mortgage industry. This program allows tri-merge resellers to directly calculate and distribute FICO Scores, potentially saving lenders up to 50% on fees by bypassing credit bureaus.

The new program aims to increase price transparency and cost savings for lenders by offering two alternative pricing models. One model, based on mortgage funding performance, reduces the per-score fee to $4.95, cutting costs by 50% due to the elimination of credit bureau mark-ups.

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Read more at Yahoo Finance: FICO Bypasses Credit Bureaus with New Direct Licensing Program to Cut Mortgage Score Costs