FICO Score. A statistical credit score obtained by mortgage lenders in connection with the loan application to help assess a borrower's credit worthiness.
FICO Score means a score based on the credit risk rating system established and maintained by the Fair Xxxxx Corporation.
FICO Score means the credit score of the Mortgagor provided by Fair, Xxxxx & Company, Inc. or such other organization providing credit scores on or immediately prior to the Origination Date of a Mortgage Loan.
Examples of FICO Score in a sentence
Borrower Qualification Numeric – Integer 720 9999 If “Total Number of Borrowers” > 1 >= 350 and <= 850 88 Most Recent FICO Method Number of credit repositories used to update the FICO Score.
Segment the portfolio by the credit score of the borrower at origination using a commercially available credit bureau score (e.g. FICO Score, VantageScore, or another qualifying credit score).
The weighted average FICO Score of the Mortgage Loans is [_____].
Your FICO Score is not impacted at all by our making the score available to you.
Changes in your FICO Score could indicate a problem with your credit report; thus, if you note significant changes in your FICO Score you may wish to obtain and review a copy of your credit report.
More Definitions of FICO Score
FICO Score means, with respect to any Mortgagor, the statistical credit score prepared by Fair Xxxxx Corporation, Experian Information Solutions, Inc., TransUnion LLC or such other Person as may be approved in writing by Buyer in its sole discretion.
FICO Score means a credit score created by Fair Xxxxx & Corporation, or any successor thereto; provided, that, in the case of a Receivable with two Obligors, such score is based on the higher of the two FICO® Scores at origination.
FICO Score means, with respect to the Obligor under a particular Mortgage Loan, a credit rating established by Fair Xxxxx Corporation.
FICO Score means a statistical credit score obtained by many mortgage lenders in connection with a loan application to help assess a borrower’s creditworthiness. A FICO Score is generated by models developed by a third party and made available to lenders through three (3) national credit bureaus. The FICO Score is based on a borrower’s historical credit data, including, among other things, payment history, delinquencies on accounts, levels of outstanding indebtedness, length of credit history, types of credit and bankruptcy experience.
FICO Score. The credit score of the Mortgagor provided by Fair, Xxxxx & Company, Inc. or such other organization providing credit scores on the origination date of a Mortgage Loan; provided, that if (a) two separate credit scores are obtained on such origination date, the FICO Score shall be the lower credit score; and (b) three separate credit scores are obtained on such origination date, the FICO Score shall be the middle credit score.
FICO Score means the Fair Xxxxx & Company or similar computer analytical objective scoring model ascertaining a borrower’s credit reputation based on a scale of 350-900, the lower the number, the greater the probability of default.