Core Viewpoint - Equifax is attempting to reduce mortgage lenders' dependence on FICO scores by introducing alternative credit scoring models [1] Group 1: Company Initiatives - Equifax is developing new credit scoring models that aim to provide a more comprehensive assessment of borrowers [1] - The company believes that these alternative models can better reflect a consumer's creditworthiness, especially for those with limited credit history [1] Group 2: Industry Impact - The shift away from FICO scores could lead to increased competition among credit scoring providers, potentially benefiting consumers with more options [1] - Mortgage lenders may experience changes in their underwriting processes as they adapt to new scoring models introduced by Equifax [1]