Credit scoring, already finding wide acceptance as a mortgage underwriting tool, may soon be applied to improving the efficiency of loan servicing.

In evaluating loan applications, credit scoring systems mathematically apply points to various touchstones of a customer's credit records, resulting in a single number that rates the creditworthiness of the borrower.

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.