BURBANK, Calif.--(BUSINESS WIRE)--Commonwealth Credit Union (CCU) and Zest AI, a leader in AI-powered credit underwriting solutions, today announced the launch of CU Lending Collective, a first-of-its ...

New credit score models assess the creditworthiness of aspiring homebuyers who are often overlooked by more traditional ...

In much of the West, access to credit is taken for granted. Banks rely on long credit histories, stable wages, and government datasets to determine who qualifies for loans. But for billions of people ...

FHFA began a VantageScore 4.0 pilot for GSE loans with new pricing grids, while HUD said FHA will add VantageScore 4.0 and ...

The idea of letting artificial intelligence models make lending decisions was once considered risky and prone to error, discrimination, bias, "black box" style obfuscation and lack of explainability.

The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...

Upstart has originated over $50 billion in loans since its 2012 launch, using an AI-driven credit model that evaluates more than 2,500 borrower variables. The approach has enabled 43% more approvals ...

Updated scoring models will allow government-backed loan programs to consider additional data in underwriting, including rent ...

Morningstar Credit Analytics, a wholly owned subsidiary of Morningstar, Inc. (Nasdaq: MORN), today launched a suite of enhancements to its commercial mortgage-backed securities (CMBS) and commercial ...

A bad credit score can make the homebuying process particularly challenging, as most mortgage lenders require a FICO ® Score ...