Planet Home Lending to Use FICO Score 10 T for Deeper Insights into Mortgage Origination and Servicing Credit Performance
Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.
- Planet will also employ FICO Score 10 T to further enhance retention and recapture analysis.
- Lenders including Cardinal Financial , Primis Mortgage , Premier Lending and others have recently adopted the model for non-conforming mortgages.
- FICO Score 10 T can help lenders better manage credit risk and lower default rates while extending competitive credit offers to consumers.
- “Planet’s use of FICO Score 10 T affirms its position as a forward-looking industry leader,” said Joe Zeibert, vice president of Mortgage and Capital Markets at FICO.