In a groundbreaking move, Cardinal Financial has become the first company to issue a mortgage-backed security utilizing loans originated using FICO Score 10 T. This innovative approach to credit scoring has the potential to reshape the mortgage industry and set a new standard for risk assessment in the lending process.
Key points:
– Cardinal Financial makes history with first mortgage-backed security using FICO Score 10 T
– Introduction of FICO Score 10 T could revolutionize how lenders evaluate credit risk in mortgage origination
– Implications of this development could have far-reaching effects on the industry and borrowing practices going forward.
You can read this full article at: https://www.housingwire.com/articles/cardinal-financial-fico-10-t-mortgage-backed-security/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
