Why Fair Isaac Corporation Is Soaring Today

Shares of Fair Isaac Corporation (NYSE: FICO) were soaring on Thursday, rising 20.5% as of 2:05 p.m. ET.Fair Isaac is the dominant credit scoring company in the U.S. and the inventor of the FICO score. Today, the company revealed new pricing models that would allow mortgage lenders to bypass traditional credit bureaus and receive a score directly from Fair Isaac -- for a price.On Thursday, Fair Isaac unveiled its new direct-to-lender program with two main new options. The first option is for a lender to pay the typical $4.95 per FICO score and another $33 fee if the scored loan closes. The second option is that the lender pays a lower $10 fee per score, regardless of whether the loan closes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool