Four mortgage companies are participating in a test that could advance credit scoring from an applications tool to one that helps set company policy.

The lenders, including Chase Manhattan Mortgage Corp., want to see if a numerical rating system can be applied to help guide lending, risk management, and secondary-market strategies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.