Equifax Reports Accelerated Adoption of VantageScore® 4.0 Across the Mortgage Industry

Magesh Sarma, Chief Operating Officer, AmeriSave Mortgage Corporation

“Our AI technology helps borrowers see their best loan options in minutes. With lenders now able to choose their credit score model, we added VantageScore 4.0 as one of the scoring models we use, giving us more flexibility in how we evaluate applicants, while keeping the experience quick and easy”

Mark W. Begor, CEO of Equifax

“The landmark decision by FHFA Director William Pulte and Housing and Urban Development Secretary Scott Turner to open VantageScore 4.0 for use across both conventional and FHA-insured loans has advanced homebuying into a new era of credit scoring competition that drives greater performance and cost savings for both lenders and consumers”

Mark W. Begor, CEO of Equifax

“We are seeing strong momentum across the mortgage sector as lenders rapidly adopt VantageScore 4.0 to drive better decisioning and expand access to credit.”

Joel Rickman, General Manager and SVP of U.S. Mortgage and Verification Services at Equifax

“The strong industry adoption has been driven by years of preparation by our teams to ensure that VantageScore 4.0 could be accessible to all lenders, allowing them to effectively test and evaluate the score through their processes”

Joel Rickman, General Manager and SVP of U.S. Mortgage and Verification Services at Equifax

“Equifax is deeply committed to supporting the mortgage industry and the consumers we serve, especially as we navigate the most difficult mortgage market in decades. We view our role in expanding homeownership as a vital responsibility while delivering significant savings to consumers and the mortgage industry.”