FICO has launched a new Direct License Program aimed at lowering credit scoring costs by bypassing credit bureau markups. While this move could bring more transparency to the mortgage process, experts say the big credit bureaus still control the data — and the power.
What’s Changing?
Lower Costs: New pricing models cut fees by up to 50%.
Direct Access: Resellers can now deliver FICO Scores directly to lenders.
More Transparency: Designed to reduce “unnecessary markups” and give lenders more choice.
For borrowers, especially those working with a mortgage broker San Diego or a mortgage lender San Diego, these changes may eventually translate into clearer, more cost-efficient mortgage options.
Why Now?
Federal policy changes opened the door to competitors like VantageScore.
Fannie Mae and Freddie Mac may allow bi-merge reports, which could disrupt FICO’s dominance.
Pressure is growing for competition and fairness in credit scoring.
The Credit Bureau Factor
Even with this new program, credit bureaus remain the gatekeepers. They control the data that makes FICO scores possible, setting up what could be a showdown between FICO and the major agencies.
What It Means for You
More competition could mean:
Fairer pricing on credit scoring
Greater choice for lenders and borrowers
A step toward breaking up decades of monopoly
At Transparent Mortgage, we believe that real transparency empowers homeowners. Whether you’re comparing rates with a mortgage lender San Diego or working with a trusted mortgage broker San Diego, understanding how your credit is scored is essential to making confident homebuying decisions.
