FICO holds line on $10 tri-merge mortgage score pricing in preferred program

FICO has announced it will maintain its wholesale mortgage score bundle price at $10 for lenders and brokers participating in its Preferred Program, covering both Classic FICO and FICO Score 10T. This decision comes as the mortgage industry prepares for a multiyear transition in conventional mortgage credit score requirements, with competitors like VantageScore 4.0 offered at a lower price point. The move aims to ensure lenders have access to trusted tools for risk assessment amidst evolving policy discussions around credit report usage in mortgage underwriting.