July 30 (Reuters) - Credit scoring giant Fair Isaac Corporation FICO.N, widely known as FICO, raised its forecast for full-year adjusted profit on Wednesday, reflecting robust demand for its products.

The company now expects $718 million, or $29.15 per share, in adjusted profit for 2025, compared to its previous forecast of $712 million, or $28.58 per share.

Shares of the Bozeman, Montana-based company rose 1.5% in extended trading.

FICO also reported a jump in third-quarter profit, buoyed by strong performance in its scoring business.

While the broader lending environment has remained muted in recent years, FICO has benefited from strong pricing power given its dominant position in mortgage scores.

The company is best known for its FICO score, the standard measure of consumer credit risk used by banks, credit card issuers, mortgage lenders and auto loan providers.

Scores revenue, which includes its business-to-business and business-to-consumer scoring solutions, jumped 34% to $324.3 million in the third quarter.

Software revenue rose 3% to $212.1 million in the quarter. FICO's total revenue jumped 20% to $536.4 million from a year earlier.

FICO's adjusted profit for the quarter totaled $210.6 million, or $8.57 per share, compared with $156.4 million, or $6.25 per share, a year earlier.

Investor sentiment around the company has weakened this year after coming under fire from Federal Housing Finance Agency (FHFA) Director Bill Pulte over FICO pricing.

Earlier this month, the FHFA also allowed the use of VantageScore for mortgages sold to Fannie Mae and Freddie Mac. The move introduces direct competition to FICO in the mortgage market and has raised concerns about its ability to continue raising its pricing.

VantageScore, founded in 2006, is a joint venture between credit bureaus Equifax, Experian and TransUnion.

FICO stock has plunged 23.3% so far this year, underperforming the benchmark S&P 500 index .SPX.

(Reporting by Ateev Bhandari and Arasu Kannagi Basil in Bengaluru; Editing by Alan Barona)

((Ateev.Bhandari@thomsonreuters.com))