Fair Isaac Sells Mortgage Assets

ST. PAUL, Minn. – Credit scoring provider Fair Isaac & Co. said it is selling part of its mortgage division to MortgageHub, a provider of online mortgage lending systems. Under the deal, MortgageHub is acquiring more than 700 vendor partners through the BridgeLink network. MortgageHub has offered employment to the 61 Fair Isaac employees in the mortgage operation, who are mostly located in Norcross, Ga. Financial terms of the deal were not disclosed. Fair Isaac, maker of the ubiquitous FICO credit score, got into mortgage banking in 2004.

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER
Load More