FICO Score 10 T utilizes trended data for lenders to better understand credit behavior over time, allowing for more accurate risk assessments in mortgage-backed securities.
By helping to enable smarter, more precise lending decisions, FICO is driving innovation that supports both financial institutions and the communities they serve.
Cardinal claims to be one of the first lenders to adopt FICO 10 T for its nonconforming loans, enhancing credit risk management and borrower outcomes.
The majority of Cardinal Financial's borrowers received higher credit scores through FICO Score 10 T, enabling better loan terms without increased credit risk.
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