Fair Issac and AllRegs Expand Delivery of FICO Score Training to Lending Professionals
2008-10-22 19:58:02 -
- For AllRegs Media Contact: Kimberly Spear, 678-781-7215 AllRegs, the leading information provider for the mortgage lending industry, and Fair Isaac Corporation, the leading provider of analytics and decision making technology, will collaborate to provide FICO(R)-focused training to the mortgage and financial services industry. Through this association, AllRegs will become Fair Isaac's preferred training provider to mortgage industry professionals.
Delivered by its educational division known as AllRegs Academy, AllRegs will offer training in a variety of delivery modes, including audio programs, self-study online courses, instructor-led online courses and classroom programs. Course topics will include credit scoring, Fair Isaac's new FICO(R) 08 score, and other Fair Isaac-created content. More than 90 of the 100 largest U.S. financial service institutions use FICO scores for their reliability, innovation and predictive power, making them the clear industry standard in credit risk assessment.
"Demand for our training on FICO scores has increased significantly in response to the recent difficulties of consumer lenders," said Joanne Gaskin, Strategic Alliance Director, Global Scoring Solutions, for Fair Isaac Corporation. "It's clearly important for creditors to understand and manage credit risk and FICO scoring well, if they want to improve their business performance and help expand their customers' access to credit. Fair Isaac is pleased to team up with AllRegs to ensure that every interested lending professional can receive training on FICO scores at the appropriate level."
"Now more than ever, with the recent turbulence in the financial markets, credit risk analysis is an important component in the mortgage and financial services underwriting process," said Dan Thoms, AllRegs senior vice president. "We at AllRegs are excited about the opportunity to train industry professionals on the latest developments to FICO and credit scoring analysis, providing them with additional knowledge to help them determine mortgage and loan applicant credit risk."
Should you have any questions regarding AllRegs and its other products and services, including AllRegs Academy, please contact AllRegs at 800-848-4904 or visit the company's Web site at www.allregs.com.
About AllRegs
First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008, a finalist in the 2008 Mortgage Technology Magazine Lasting Impact Award category, and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks' MPF Program Guidelines, and CalPERS' Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call 800-848-4904 or go to www.allregs.com.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) transforms business by making every decision count. Fair Isaac's Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com Web site. Learn more about Fair Isaac at www.fairisaac.com.
Training to be offered in a variety of formats to the mortgage and
financial services industry
