Under the agreement, Lending Solutions will access Fair Isaac's entire suite of application risk models via the company's LiquidCredit(R) decision engine, including predictive models for consumer, credit card, home equity, and indirect lending. Fair Isaac's pooled consumer models allow lenders to quickly and cost-effectively apply advanced analytics to their consumer loan underwriting processes and make more confident, consistent and accurate credit decisions.

"We are excited about the opportunity to provide our clients with the best analytics available today," said Lee Kolquist, president and CEO of Lending Solutions. "By providing the same modeling techniques that are available in many bank branches, Lending Solutions is now able to offer truly seamless support to our clients and allow them the ability to process applications 24 hours a day with no change in risk management ability."

As a 24/7 lending center operation for more than 400 financial institutions, Lending Solutions provides the conduit to retrieve credit scores and underwrite the loan on behalf of lending institutions. Due to the collective volume provided by the breadth of Lending Solutions' clients, smaller lenders will now be able to implement advanced analytics in a more cost-effective manner than previously possible.

"As a Fair Isaac partner, Lending Solutions is now equipped with the most powerful credit origination scoring models in the industry," said Roger Ahern, vice president of Global Origination Solutions at Fair Isaac. "By leveraging Fair Isaac's consumer origination models, lenders can complete a risk assessment quickly and maximize profitability by confidently approving more credit applications while maintaining or reducing current risk levels."

Developed specifically for use in credit origination decisions, Fair Isaac's pooled consumer origination models allow lenders to take advantage of proven risk assessment quickly, without expensive development costs. The models assess credit risk by evaluating credit application and consumer credit reporting agency data and rank-ordering applicants by score. LiquidCredit decision engine is a browser-based credit origination decisioning tool used by Fair Isaac partners and client lenders to enhance their own origination evaluation systems. By leveraging Fair Isaac decision and analytic technology, they can consistently and automatically make lending decisions that lead to improved business performance.