Tags Residual Income Knowledge Index

Tag: Residual Income Knowledge Index

FormFree announces its Residual Income Knowledge Index: intelligent system for assessing borrowers’ Ability to Pay (ATP)

eNewsChannels NEWS: -- FormFree today announced the general availability of its Residual Income Knowledge Index, or RIKI. RIKI is an innovative method for measuring consumers' Ability-to-Pay (ATP) for mortgages and other loans based on monthly income and spending. When paired with traditional credit scoring models, RIKI offers lenders a more complete understanding of consumers' creditworthiness and creates homeownership opportunities for those with little to no credit history.

WHAT'S NEWS