There is now a certification program for the person who has a strong understanding of the FICO credit score and how it impacts both the lender and the consumer. Minneapolis-based FICO has teamed up with AllRegs, Eagan, Minn., to create the Certified FICO Professional designation or FICO Pro for short. In order to receive this certification, candidates must agree to a code of ethics and successfully complete three one-hour online courses delivered by AllRegs Academy: Exploring FICO Scores, Analyzing the Credit Report, and Communicating Credit Information. Registration in the program includes access to all three required courses. FICO Pro certification candidates have 12 months to complete the program from the date of enrollment.
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Deephaven expanded its HELOC product for wholesale lenders, Attom launched an AVM model and First American added an AI assistant to its title platform.
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The Canadian-American bank's first AI agent does the work of gathering any missing documents and verifying data for mortgage applications.
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This is the fourth settlement MV Realty reached in the last two months over its controversial homeownership benefits program, which is now illegal in 33 states.
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Mortgage payments climbed to a 10-month high in April as rates rose, but strong annual wage growth of 5.3% helped keep the MBA's affordability index nearly flat month to month.
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A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.
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The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.
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