In order to streamline the decision making process, the lending industry has developed a system which scores the borrower's credit history. The score is seen as predictive of the borrower's ability and willingness to repay the loan. Such scoring gives the lender the ability to give the borrower a rapid credit decision by using automated underwriting software currently available. Few lenders base their entire credit decision on the score, however. Lower FICO scores usually trigger a real live underwriter review of the loan application and credit report before a final decision is made.

 

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