North Carolina-based mortgage lender Premier Lending Inc. has adopted the FICO Score 10 T credit-scoring model for its nonconforming loan originations and whole loan acquisitions.

Premier Lending is adopting FICO’s updated credit-scoring model “to continue to drive the company’s innovation strategy forward and help make more homeownership dreams a reality,” the company stated in a release.

“By integrating FICO Score 10 T into our arsenal, we’re elevating our credit decision-making for our products,” Fadi Faraj, CEO of Premier Lending, said in a statement.

FICO originally released 10 T in 2020, saying that the new model allowed lenders to have greater precision in details ⇒

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