Fair Isaac Launches Rate Search Option

Fair Isaac Corp., San Rafael, Calif., has introduced what it's calling the first service to help consumers find the best loan rates based on the FICO Credit Score, which can be accessed through the company's website free of charge.The service, called Loan Center, allows the customer to compare national and local lenders' rates in their area who have FICO credit scores similar to their own. Specifically, visitors see a comparison of interest rates offered by participating lenders for five different mortgage products, all matched to the customer's FICO score or suggested score range. The initial lineup of participating lenders includes Countrywide Home Loans, E-Loan, E-Trade Mortgage, IndyMac Bank, and Pricelinemortgage. FICO scores can be accessed via the company's website at http://www.myfico.com.