Weekly Real Estate News
Experian (OTCMKTS: EXPGY) is now providing the VantageScore 4.0 credit score for free to its US mortgage clients.
The Costa Mesa, California-based company said it would offer a free VantageScore 4.0 indefinitely so lenders can evaluate using VantageScore during the underwriting process. If Experian does charge, the company will offer VantageScore 4.0 for at least a 50% discount compared to what FICO charges for its score.
“Experian is dedicated to fostering a more competitive mortgage landscape, creating a safer and sounder market, and expanding access to homeownership for a wider range of consumers,” said Experian CEO Brian Cassin. “Making VantageScore 4.0 more easily accessible and widely available for the mortgage market accelerates the adoption of VantageScore 4.0 among mortgage lenders.”
Cassin added, “True to our culture of innovation, this latest move provides lenders with choice and flexibility, while advancing fair and affordable access to financial resources for more consumers. We remain committed to helping deliver real progress in credit score competition and driving more financial opportunity for Americans.”
