Wall Street analysts predict that mortgage credit scores from FICO will rise to at least $5 by 2025, driven by increased home loan applications due to lower interest rates.
FICO's potential price hike could lead to a $200 million revenue boost in fiscal 2025, representing an 11% growth from its estimated $1 billion business-to-business channel.
With FICO's scores making up less than 0.2% of typical mortgage closing costs, the price adjustments appear manageable for overall loan expenses.
Analysts from Wells Fargo indicate that FICO's strong market position allows it to sustain price increases across various verticals, including mortgage, auto loans, and credit cards.
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