The Industry’s Only Authorized Credit Simulation Tool for Mortgage Professionals
For over 25 years, SettlementOne has empowered U.S. banks, mortgage lenders, mortgage brokers, and credit unions with solutions that minimize lending risk and enhance operational efficiency.
We are proud to announce our strategic partnership with FICO® to bring mortgage professionals the FICO® Score Mortgage Simulator.
Transform Your Mortgage Lending Approach
The FICO® Score Mortgage Simulator is the only authorized simulation tool available to mortgage professionals that leverages the trusted FICO® Score algorithms to simulate potential changes to borrowers’ scores.
With the FICO® Score Mortgage Simulator, your team can:
- Enhance borrower experience precise, data-driven explanations of credit impacts
- Maintain compliance while delivering information and transparency with data-driven scenario modeling
- Drive impactful results by identifying potential actions through simulation scenarios, which improve borrower qualification options
This powerful integration represents the next evolution in our ongoing commitment to providing industry-leading solutions that deliver measurable value to our clients and their customers. The partnership combines SettlementOne’s comprehensive credit reporting platform with FICO’s trusted scoring algorithms to create a truly transformative tool for mortgage professionals.
Advanced Simulation Capabilities
The FICO® Score Mortgage Simulator is the only authorized simulation tool that leverages the trusted FICO® Score algorithms, providing accurate predictions rather than general guidelines.
Demonstrate how these specific actions can affect borrowers’ FICO scores and mortgage options:
- Pay down/pay off balances
- Delete third-party collections
- Update derogatory tradeline to paid status
- Improve the status of delinquent accounts
- Remove account disputes
Developed by FICO’s expert analytics team, this tool delivers unmatched accuracy in predicting how specific actions can impact borrower credit profiles.
Ready to Access This Game-Changing Tool?
The FICO® Score Mortgage Simulator seamlessly integrates with SettlementOne’s comprehensive platform, enhancing efficiency while maintaining compliance standards.