Premier Lending Inc. adopts FICO Score 10 T

North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions.Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy f
Read MoreCoStar continues to post solid growth in the fourth quarter

CoStar Group’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company reported revenue of $640 million and net income of $96 million for the quarter.Meanwhile, the company reported revenue of $2.46 billion for
Read MoreAlphV/BlackCat claims credit for loanDepot cyberattack

Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot.loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier th
Read MoreFairway makes new reverse mortgage investments, rejoins NRMLA

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space.The first initiative is the decision to rejoin the National Reverse Mortgage Lenders Association (NRMLA), which the company left at the end
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