FICO announces two participants in mortgage direct license program

FICO (FICO) on December 18 announced the addition of two new participants to the FICO Mortgage Direct License Program through partnerships with Cotality and Ascend Companies, the parent of Advantage Credit, and Partners Credit & Verification Solutions. “These agreements accelerate momentum behind more transparent and efficient options for delivering FICO Scores to the mortgage industry,” the company said in a statement. FICO added that a a “formal update will be provided once the solution is commercially available at tri-merge resellers participating in the FICO Mortgage Direct License Program.”