Credit Scores on Closed Loans Fell to Lowest Level Since February 2014, According to Latest Ellie Mae Origination Insight Report

PLEASANTON, Calif.--(BUSINESS WIRE)--Credit scores on closed loans fell to their lowest level since February of 2014, according to the latest Origination Insight Report released by Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The average FICO score on all closed loans reached 724, while average FICO scores on closed FHA refinances and purchases held steady at 660 and 689, respectively. Ellie Mae’s data

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