United Wholesale Mortgage beat its own guidance on originations and gain on sale margins third quarter earninga, helped by an uptick in refinance volume due to lower rates in August and September.
FICO's wholesale royalty will be $4.95 per score for mortgage originations, it announced. That's up from $3.25, which is the current cost of a mortgage credit score.
Experts anticipate a pullback in regulatory action and some potential pain for home builders but long-term interest rate impacts are a major question mark.
The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.