In the mid 1990s, a radical new introduction to the mortgage industry was made that would revolutionize the way in which most home loans were processed by classifying borrowers according to their riskiness. this was the introduction of in the borrower evaluation process.

the FICO score

Explanation:

The FICO Score helps the lenders to determine the how is the borrower likely to repay the loan. It is used to determine the creditworthiness and the lenders take a FICO score of the borrower into the account and also consider details like income and other things.

FICO Score helps the lenders make smarter as well as quicker decisions.

The Fair Isaac Corporation (FICO) the score to provide industry-standard for the scoring creditworthiness.

you get a crown by getting lots of points and you get points by answering other peoples questions