The cost of credit scores used in mortgage lending has climbed sharply in recent years, with lenders now paying an average of more than $500 per loan, according to a new analysis from the Community Home Lenders of America (CHLA).

The report, released Tuesday as an update to the group’s 2024 white paper on mortgage credit score pricing, attributes the increase to repeated price hikes by Fair Isaac Corp., the company behind FICO credit scores.

Based on a survey of the association’s independent mortgage bank members, the group said total credit report costs associated with closing a conventional details ⇒

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