Items Tagged with 'alternative credit data'

ARTICLES

  • Blockchain expert: The future of fintech and innovation in mortgage finance

    ComplianceEase Rocks the Climb to the Summit
    [Expert commentary] Continue the Climb – the theme of the 2017 ComplianceEase Risk and Compliance Summit – was very appropriate given the regulatory climate and lightning speed at which technology has been and will continue to morph the mortgage industry. Here are the key takeaways from the conference.
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  • Watt: Shift away from FICO is among “most complicated” decisions for FHFA

    FHFA considering alternative credit scoring but it’s going to take time
    Just as he did back in August in a speech before the National Association of Real Estate Brokers’ 70th annual convention in New Orleans, Federal Housing Finance Agency Director Mel Watt told the crowd at the Mortgage Bankers Association Annual meeting in Denver not to hold their breath waiting for Fannie Mae and Freddie Mac to begin using alternative credit scoring models.
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  • Bring visibility to credit invisibles through alternative financial data

    A clear opportunity for lenders to capitalize on
    [Expert commentary] In today’s environment, loans are not as accessible to a growing number of Americans given a lack of sufficient, traditional credit history. This group is made up of millennials, low-income individuals, recent immigrants and mass-affluent individuals. There is a clear opportunity for lenders to capitalize on the opportunity to identify credit invisible consumers who have no credit score, but are still credit worthy.
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