FICO provider is shaking up its credit score business. Its stock is surging

Fair Isaac, the creator of the FICO score, saw shares rally more than 20% on Thursday after it unveiled a new pricing model that will allow mortgage lenders to bypass credit bureaus for credit scores.The Montana-based data analytics company said it would license its credit scores directly to mortgage resellers who can then distribute FICO scores directly to borrowers. The FICO score is a U.S. credit scoring system that is used by nearly 90% of lenders to evaluate a borrower's credit risk. Scores generally r ...