Underwriting
FICO
Also known as: FICO score, credit score
status: draft
Fair Isaac Corporation score. A three-digit consumer credit score (300-850) used to assess borrower creditworthiness. Most consumer ABS uses FICO as a primary underwriting criterion.
What to watch
Score vintage matters: a 680 at origination may drift. Check whether the pool uses origination FICO, refreshed FICO, or both. Sub-prime typically means under 620, near-prime 620-680, prime above 680.
Referenced in 80 topics
Advance rates and the borrowing base mechanics Agency RMBS asset-classes Auto loans and leases asset-classes Back leverage (provider perspective) capital-sources Back leverage and fund financing playbooks BNPL receivables asset-classes Borrowing base mechanics mechanics Building relationships while negotiating playbooks Calculation agents and data agents counterparties Careers at originators playbooks Cash operations and waterfall execution operations-lifecycle CECL and accounting considerations accounting-valuation Collateral analysis accounting-valuation Collateral analytics checklist appendix Covenant compliance monitoring operations-lifecycle Covenants mechanics Credit analysis accounting-valuation Credit card receivables asset-classes Credit funds and private capital capital-sources Data and analytics infrastructure operations-lifecycle Data validation and quality accounting-valuation Deal autopsy: why deals fail playbooks Diligence guide asset-classes Documentation negotiation playbooks Due diligence question bank documentation Early-stage financing guide playbooks Education and vocational receivables asset-classes Evaluating portfolio quality and performance playbooks Forward flow agreements structures Home equity and helocs asset-classes How ABF works (5-minute overview) foundations How to benchmark your deal against the market playbooks Industry infrastructure market-landscape Legal opinions and third-party reports documentation Loan tape fundamentals accounting-valuation Managing multiple facilities playbooks Market spreads guide market-landscape Marketplace lending and fintech-originated asset-classes Multi-party negotiation dynamics playbooks Navigating the deal process playbooks Non-QM lending asset-classes Offering document preparation documentation Ongoing portfolio management operations-lifecycle Ongoing portfolio management (capital provider) playbooks Ongoing reporting and surveillance operations-lifecycle Other counterparties counterparties Personal / unsecured consumer loans asset-classes Pool formation and onboarding operations-lifecycle Portfolio covenants mechanics Portfolio surveillance operations-lifecycle Powersports (RV, marine, motorcycle) asset-classes Preparing your data room playbooks Primary market process market-landscape Prime jumbo asset-classes Private placement memorandum (PPM) documentation Rating agencies counterparties Rating agency engagement for funds playbooks Reporting requirements operations-lifecycle Reps, warranties, and enforcement documentation Revenue-based financing asset-classes Risk retention rules legal Sample term sheet (annotated) appendix SEC-registered prospectus documentation Single-family rental (SFR) asset-classes Small business loans (including SBA 7(a)) asset-classes Solar / renewable energy (PACE, PPA, solar loan) asset-classes Sourcing ABF deals playbooks Stratification analysis accounting-valuation Structural terms negotiation playbooks Student loans (federal and private) asset-classes Term sheet anatomy documentation The originator's readiness assessment playbooks Timeshare receivables asset-classes Top originator mistakes playbooks Treasury management for multi-facility originators playbooks Warehouse facilities structures What capital providers care about playbooks What is negotiable by structure type playbooks Whole loan sales structures Your loan tape: what lenders actually look at playbooks