In a Forbes column, the CEO of Hometap, Jeffrey Glass, discusses credit scores and how most lenders still rely on them to make lending decisions; this causes some potential homeowners to seek alternative financing elsewhere, often at a higher cost; many fintech companies are looking beyond the FICO score in determining creditworthiness as they use “more sophisticated, data-driven models can recognize and home in on the characteristics of a person’s financial habits in specific areas, reducing dependency on broad-based credit scores and debt-to-income ratios, and enabling responsible individuals more access to a broader set of financial options”. Forbes