MARK GREENE: So the FICO '08 product isn't yet shipping. It ships beginning of December so it could not have had actual impact last quarter.
So, anyone care to elaborate on what Mark Greene meant? I thought the Q&A was confusing, just like Noah did.
It's been mentioned numerous times that the new scoring revisions (such as ignoring AU) will only be incorporated into new scoring models, and will not be added to any current or past models. So if FICO '08 is not being shipped until December, how can the changes (such as AU) be applied in September? Or did Mark Greene get his months mixed up?
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.