Xactus Becomes First Technology Partner to Bring FICO® Score Mortgage Simulator to Market

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PHILADELPHIA--(BUSINESS WIRE)--Mar 4, 2025--

Xactus, a fintech and market leader in verification solutions for the mortgage industry, announced that global analytics software leader FICO (NYSE: FICO) has teamed up with Xactus as its first technology partner in FICO’s quest to bring its innovative FICO® Score Mortgage Simulator to market.

“We are excited about being the first company to partner with FICO to introduce this important tool to the lending community,” said Shelley Leonard, President of Xactus. “Our deep industry connections and experience with score simulation tools will play a key role in the simulator’s roll out and fostering its quick adoption.”

The FICO® Score Mortgage Simulator can be accessed via Xactus360, the industry’s first Intelligent Verification Platform SM, a data-driven, scalable platform reframing how, what, and when verifications occur. It is the only score simulator for mortgage professionals that uses FICO® Scores and FICO Score algorithms.

"Xactus has been an exceptional partner, and its recognition of the value that a FICO-built and FICO Score-based mortgage simulator brings to the industry is a testament to the company’s forward-thinking approach,” said Geoff Smith, vice president and general manager, Consumer Scores at FICO. “Together, we are thrilled to launch our innovative tool, which will ultimately empower lenders and borrowers to make more informed decisions."

The FICO® Score Mortgage Simulator simulates possible impacts to consumers' FICO® Scores and includes a variety of scenarios to simulate the impact of potential changes to their credit report data. With that information, lenders can help applicants gauge how certain actions could impact their FICO Scores and demonstrate how more loan options and potentially better interest rates could become available based on different scenarios.

For example, a lender can use this tool to run a simulated credit event scenario from a potential borrower’s credit report data, such as paying off a credit card, and see the possible impact to that person’s actual FICO® Score. The simulation can also enable lenders to determine how different strategies may influence potential changes to the consumer’s FICO Score.

About Xactus

Xactus – a leading fintech company specializing in verification solutions for the mortgage and financial services industries – leverages advanced technology and industry expertise to provide innovative solutions that streamline loan origination and servicing processes. Our Intelligent Verification Platform SM, Xacus360, enables clients to make better mortgage decisions faster while increasing efficiency and reducing waste.

For more information, visit xactus.com or follow Xactus on LinkedIn: https://www.linkedin.com/company/xactus-llc/.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

Learn more at https://www.fico.com/en.
Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.

For FICO news and media resources, visit https://www.fico.com/en/newsroom.

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

*FICO and FICO® Score Mortgage Simulator are trademarks or registered trademarks of Fair Isaac Corporation in the United States and other countries.

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CONTACT: Amy Hansen

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KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: SOFTWARE DATA ANALYTICS FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY FINTECH

SOURCE: Xactus

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PUB: 03/04/2025 08:00 AM/DISC: 03/04/2025 07:59 AM

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