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Cash Flow Data Can Improve Credit Access with an UltraFICO® Score

Fico Collections

Thu, 08/22/2019 - 12:37. But the optimism around the potential of incorporating cash flow isn’t limited to FICO – we’ve been excited to see recent initiatives by the government-sponsored enterprises , for example, to consider cash flow as part of mortgage underwriting.]. FICO Admin. by Joanne Gaskin. expand_less Back To Top.

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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

Tue, 08/30/2022 - 12:00. Those consumers with FICO® Scores between 550 and 599 as of April 2021 saw an increase of 7 points to their average score within the year span -- on par with the increase observed during the pre-pandemic period of April 2019 to April 2020. . by Ethan Dornhelm. expand_less Back To Top.

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Dock Stops Over USD$50m a Month in Fraud Using FICO Technology

Fico Collections

Dock began implementing Falcon Fraud Manager in 2019 and added CCS in 2020. By detecting over USD$50 million in fraud each month, our solution is delivering tangible value to lenders and helping to secure the financial system for all.” FICO® Falcon® Fraud Manager which protects more than 2.6

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U.S. Foreclosure Starts Reach Pre-Pandemic Levels Nationwide

Collection Industry News

ATTOM Data Solutions, September 08, 2022. Lenders started the foreclosure process on 23,952 U.S. August foreclosure starts were at 86 percent of the number of foreclosure starts in August 2019, but it’s important to remember that even then, foreclosure activity was relatively low compared to historical averages.”. IRVINE, Calif.,

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Collecting in a Post-Pandemic Economy

Katabat

In the 3 quarters from 4Q 2019 through 2Q 2020 industry reserves more than doubled, and in that time went from a generational low (1.15% in 3Q 2019) climbing to nearly 60% of the 2008 recession peak by mid-2020. Amazingly, the industry pivoted deftly and continued to operate with strong success. We all know what actually happened.