FICO Launches Exclusive Mortgage Score Simulator for Lenders

Integration of FICO Score Mortgage Simulator unlocks better loan options and rates through smarter, data-driven conversations

BOZEMAN, Mont.--(BUSINESS WIRE)-- FICO (NYSE: FICO):

Highlights:

FICO® Score Mortgage Simulator gives mortgage professionals the ability to simulate how changes in an applicant’s credit report data can impact their FICO® Score.
The tool empowers lenders and borrowers to make more informed credit decisions, creating better customer experiences and increasing education around their FICO® Score.
FICO® Score Mortgage Simulator is the only score simulator on the market today for mortgage professionals that use FICO® Score algorithms.

Global analytics software leader FICO (NYSE: FICO) announces MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, as the first mortgage technology platform company to offer the FICO® Score Mortgage Simulator. Through the integration of the FICO Score Mortgage Simulator, MeridianLink is significantly expanding access to credit decisioning tools for resellers and lenders nationwide that provide valuable insights to support more informed decisions and better lending options for consumers.

MeridianLink® Mortgage Credit Link™ (MCL) is a cloud-based, plug-and-play order fulfillment hub that streamlines the ordering of credit and verification data throughout the mortgage process. The addition of the FICO® Score Mortgage Simulator enhances MCL by giving lenders a powerful tool to simulate credit behavior changes and then measure the potential impact on FICO® Scores. Combined with MeridianLink’s robust SmartAPI framework, the platform enables seamless partner integration and more efficient loan origination, ultimately helping borrowers access better loan options and interest rates.

“Integrating the FICO Score Mortgage Simulator with MeridianLink Mortgage Credit Link is another step forward in our mission to simplify and modernize the mortgage process,” said Mike Griffith, vice president of product at MeridianLink. “This tool gives lenders and borrowers powerful insight into credit dynamics, helping them make more informed decisions with greater speed and accuracy. It’s not just about improving efficiency, it’s about helping borrowers unlock better loan options through smarter, data-driven conversations.”

The FICO® Score Mortgage Simulator empowers mortgage professionals to run credit event scenarios by applying mock changes in an applicant's credit report data to simulate potential changes to the applicant’s FICO® Score. This unique capability allows the mortgage industry to view potential impacts of borrower actions on the FICO Score, the most widely used score by mortgage professionals.

“In a competitive mortgage market, deeper insights are key to offering customers the most favorable term options,” said Geoff Smith, vice president and general manager of Consumer Scores at FICO. “The FICO Score Mortgage Simulator represents the most responsible, accurate and trusted way for lenders to model potential FICO Score outcomes. Partnering with MeridianLink enables this powerful tool to now be in the hands of more professionals than ever before, enhancing how borrowers are served and informed.”

The FICO® Score Mortgage Simulator is the only authorized simulation tool available to mortgage professionals that is built by FICO’s analytics scientists using the FICO® Score algorithm. The FICO Score Mortgage Simulator supports simulations on one, two or three bureaus, and models potential changes to the classic FICO® Scores used in mortgage lending - FICO Score 2, FICO Score 4 and FICO Score 5. This allows mortgage professionals to have the widest scope of insight across the FICO Scores they use. As we continue to enhance the tool, simulations will soon allow for new actions such as deletion of accounts, simulating the passage of time, and more.

Lenders or credit resellers can learn more about the FICO® Score Mortgage Simulator by visiting: https://www.fico.com/en/latest-thinking/solution-sheet/fico-score-mortgage-simulator.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting four billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

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About MeridianLink

MeridianLink® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.

For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.