CIC Credit To Partner With FICO On New Direct License Program
CIC Credit (CIC), a provider of verification and credit services to the mortgage industry, will participate in the FICO® Mortgage Direct License Program, a new initiative from analytics software provider FICO (NYSE: FICO). The program streamlines score access, enabling CIC to provide better FICO® Score pricing to its customers.
This collaboration marks a significant milestone in CIC’s ongoing commitment to deliver innovative, cost-efficient solutions for lenders and help modernize credit infrastructure across the $12 trillion U.S. mortgage market. Through the FICO® Mortgage Direct License Program, CIC can now calculate and distribute FICO® Scores to its customers directly.
By streamlining distribution, the program enhances price transparency and expands access to mortgage lenders, mortgage brokers, and other industry participants.
“At CIC Credit, we are excited to offer our lender partners the new direct-licensing option for FICO Scores alongside our traditional delivery methods,” said Mike Thomas, COO of CIC Credit. “This expansion enhances our role as a trusted provider of the FICO Score Mortgage Simulator and empowers lenders with greater flexibility and choice in how they access and implement the industry-standard score.”
“Partnering with CIC Credit is an important step in reshaping how FICO Scores are accessed and delivered in mortgage lending,” said Julie May, Vice President and General Manager of B2B Scores at FICO. “The FICO Mortgage Direct License Program introduces a transparent, cost-effective model that complements traditional delivery methods, ensuring lenders have options that fit their business needs.”
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
