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Our score is preferred by the industry, says FICO CEO Will Lansing
CNBC Televisionยท2025-08-01 00:15

Market Position and Competition - FICO consistently outperforms Vantage in the market, securing over 90% market share in non-government sectors [1] - FICO 10T has achieved significant adoption in the non-conforming mortgage market, with $313 billion in originations [1] - While FICO 10T is technically approved by the FHFA, its implementation timeline may differ from Vantage [1] Pricing and Cost - The cost of a FICO score is $4.95 for a mortgage score, which is a small fraction of the $6,000 in closing costs [3] - The company acknowledges price increases but emphasizes their relative insignificance compared to the value provided [3] Industry Preference - FICO is the clear industry standard in the non-conforming mortgage market [1] - The industry widely uses FICO scores [1]