Weekly Real Estate News
Summary
Equifax introduced Mortgage Score Select, allowing lenders to choose a credit score or no score and repull its mortgage credit file within 24 hours for a one-dollar file fee plus any score charges.
Equifax introduced Mortgage Score Select on October 8, offering mortgage lenders and brokers a way to obtain its credit file with a chosen score—or no score—and retrieve the file again within 24 hours for a $1 repull charge.
The $1 figure applies to the subsequent Equifax credit-file pull, not necessarily to the full price of a scored report. Equifax says the selected credit score carries its own additional cost. That distinction is central to evaluating the product’s savings against existing lender and credit-reporting workflows.
The service supports VantageScore 4.0 and Classic FICO, and is designed to accommodate FICO Score 10T when that model is approved for the relevant use. The company says each returned file carries one selected score, avoiding ambiguity over which model was used on a particular file.
The launch comes ahead of FHA’s January 1, 2027 acceptance of VantageScore 4.0 for eligible loans. Federal housing agencies announced the broader credit-score modernization initiative in April, while individual lenders and investors have been updating their own implementation plans at different speeds.
Equifax is positioning the service as an operational answer to those changes, rather than a new credit-scoring model. Lenders still must follow the eligibility and investor rules applicable to each loan, and a cheaper file repull does not establish that a borrower qualifies under a different score.
WRE News previously reported TransUnion’s 99-cent VantageScore mortgage pricing and UWM’s plan to evaluate FICO and VantageScore on each file. The Equifax announcement adds a separate credit-bureau workflow product to that competitive picture.
For brokers, the practical questions are whether the lender’s credit-reporting vendor supports the service, how score charges are passed through, and which model an investor will accept. Equifax’s announcement does not say every lender has already integrated Mortgage Score Select or that the $1 fee covers third-party charges.
