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FICO Pro Certification

FICO Pro Certification

Seal: Certified FICO Professional (FICO PRO) - AllRegs Academy

AllRegs Academy is pleased to introduce a new FICO National Certification program: the Certified FICO® Professional (FICO Pro). This unique program is designed to recognize those individuals who have a strong understanding of FICO® scores and how the FICO® score impacts both the lender and the consumer. The FICO Pro Certification program is available to mortgage industry professionals exclusively through AllRegs. In order to receive this certification, students must complete three required online self-study courses. AllRegs Academy is proud to be FICO’s preferred training provider in the mortgage industry.

We'll Meet You Half-Way

We strongly encourage you to invest in your own education so much so that we will steeply discount our software for each Person who successfully passes the AllRegs "FICO Pro" certification!

Each Certified FICO PRO will be able to purchase the Credit Detailer Business Edition for $100 if done within 60 days of their certification date!

You do not have to wait to purchase either!
You can purchase now at the current price, signup to take the certification, and if you provide your certification number within 60 days of purchasing, we will issue a refund the make up the difference of $100 per license per person.

Get Certified and Software for just $395!
What an amazing way to start helping your clients!

*Other restrictions apply, FICO PRO certification number must be provided within 60 days of purchase date. This offer does not include any portal specials.


FICO Pro Certification from www.AllRegs.com

Certification No.: DS-FICO-CAND 
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FICO Pro Certification

Participant Requirements

  • Enroll in the FICO Pro certification program and pay the $195 program fee (courses included in fee);
  • Agree to abide by the AllRegs Academy Code of Ethics; and
  • Successfully complete the three hours of AllRegs Academy coursework with a passing score of 75% or above.

Required Coursework (Three hours)

Courses are listed in the recommended order of completion.

Exploring FICO Scores 

(One hour course) 
Exploring FICO® Scores is designed to teach the fundamentals of FICO® scores.  This course defines key credit terminology to clarify and highlight differences between common credit terms.  Additionally, the course identifies the information on a credit report that is utilized to calculate a FICO® score.  Students will learn the five categories of information that are considered in FICO® scores and recognize how behaviors such as inquiries, loan modifications and foreclosures, among others, may affect FICO® scores.  Furthermore, details on the latest scoring model, FICO® 8, are provided, highlighting key differentiators and resulting benefits in predictive value.  Lastly, the course identifies methods that consumers can use to manage and improve their FICO® score.
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Analyzing the Credit Report

(One hour course) 
Analyzing the Credit Report is designed to review the credit report zones including trade lines, credit inquiries, collections items and public records as well as what information is found in the identifying information zone.  It explores the categories of consumer information used in determining a consumer’s FICO® score and reviews the steps to analyze a credit report for duplication and erroneous information.  Additionally, students will learn how to identify potential identity theft in a credit report.
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Communicating Credit Information

(One hour course) 
Communicating Credit Information examines privacy laws designed to protect consumer’s personal financial information and consumer rights regarding access to their credit information.  In this self-study online course participants will learn how to effectively communicate the key information on reports and review useful tools for consumers when evaluating their credit score and uncovering identity theft.  Participants will also be given guidelines on how to aid a consumer in the proper steps for reporting inaccurate information and identifying the impact of FICO® scores on consumers.
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Exemptions

No exemptions will be provided.



FICO PRO Required Core Competencies

The required core competencies for the FICO PRO certification include the ability to:

  • List differences between common credit terms
  • Identify information used to calculate a FICO® score
  • Recognize how consumer and creditor behaviors affect FICO® scores
  • Identify features and benefits of the FICO® 8 Score model
  • Identify methods consumers can use to manage and improve their FICO® score
  • Review credit report information zones
  • Analyze credit reports for duplicate and erroneous information
  • Report inaccurate credit information found on credit report
  • Identify potential identity theft on a consumer credit report
  • Recognize privacy laws designed to protect consumer’s personal financial information
  • Identify consumer rights regarding access to their credit information
  • Communicate key information on credit reports to consumers
  • Recommend useful tools for consumers when evaluating their credit rating



Target Audience

Lending operations staff, including:

  • Underwriters
  • Processors
  • Closers
  • Lending operations managers
  • Financial institution managers
  • Compliance staff
  • Loan originators
  • Credit risk analysts
  • Credit counselors



Application Process and Fees

FICO PRO candidates will need to enroll in and successfully complete the appropriate coursework from AllRegs Academy to meet their education requirements.

Certification Package Price: $195 per person includes the three required courses, application fee and certificate of program completion.



Recognition

Certification Seal: FICO Professional (FICO PRO) - AllRegs Academy

Designees will receive the following:

  • Recognition from AllRegs Academy
  • Certificate of Recognition
  • Recognition in industry publications
  • Name on FICO PRO Graduate List on www.allregs.com
  • Press kit on how to announce your certification to your company and news publications



Continuing Education Requirements

To maintain the FICO PRO certification, FICO PRO designees must complete at least 1 hour of approved FICO-based AllRegs Academy coursework each year.

AllRegs reserves the right to revoke anyone’s certification at any time for ethical violations, non-payment of CE fees, failure to pass CE requirements, or for not meeting any AllRegs FICO PRO requirement.

Certification No.: DS-FICO-CAND

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