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Benzinga

Business

Dylan Berman

What's Going On With Fair Issac (FICO) Shares Thursday?

FICO United States

Stock chartbenzingaai2023_stock_market_charts_on_multiple_computer_scree_03ada781-be05-460b-a6af-38988bc7658b_1

Fair Issac Corporation (NYSE:FICO) shares are trading higher on Thursday after the company launched its FICO Mortgage Direct License Program. Under the program tri-merge resellers are able to calculate and distribute FICO Scores directly to customers.

What To Know: The new program is designed to cut costs for the mortgage industry by bypassing credit bureau mark-ups. FICO introduced two pricing options: a performance model that charges $4.95 per score plus a $33 funded loan fee, or a flat $10 per score fee consistent with current rates.

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