Credit Risk

Recent patterns in consumer credit risk suggest a growing divide among U.S. consumers, as some demonstrate heightened financial resilience while others face mounting challenges.

Xactus, a fintech and market leader in verification solutions for the mortgage industry, announced that global analytics software leader FICO (NYSE: FICO) has teamed up with Xactus as its first technology partner in FICO’s quest to bring its innovative FICO® Score Mortgage Simulator to market.

The National Consumer Reporting Association (NCRA) addressed industry misconceptions about recent FICO score price increases in mortgage lending.

Consumer credit balances continued to grow across all credit products during the third quarter of 2024, but in many cases, that growth has slowed.

LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data throughout the consumer lending journey.

Optimal Blue’s March 2024 Originations Market Monitor report, which reveals the average homebuyer credit score has reached 737 — an all time high since the company began tracking this data in January 2018.

OptifiNow, a provider of mortgage CRM solutions, announces the successful deployment of its OptifiNow TPO CRM platform for Jet Mortgage, a rapidly growing wholesale mortgage lender based in California specializing in FHA, VA, and Non-QM lending.