Sorry, I have to keep my online activities and work separate. :-) But I didn't mean to infer my company doesn't use credit scores... They use them plenty.
>The above implies that a company that does not use credit scores when making mortgage loans will outperform one that does.
The point is, while we don't really know how these algorithms work, we know they don't control for the type of loan. You just get one number. That one number is not always meaningful.
>The above implies that a company that does not use credit scores when making mortgage loans will outperform one that does.
The point is, while we don't really know how these algorithms work, we know they don't control for the type of loan. You just get one number. That one number is not always meaningful.