Equifax expands the reach of its alternative data-driven scoring model by extending $1 pricing for VantageScore 4.0 through 2028, aiming to drive industry-wide adoption and cost savings for mortgage lenders.
Equifax is strategically positioning itself to capture greater market share in the mortgage sector by extending its $1 pricing model for VantageScore 4.0 through 2028. This initiative, combined with the adoption by nearly 2,000 mortgage lenders, serves to lower barriers to entry for alternative data-driven scoring, which is expected to drive long-term revenue growth and solidify the company's competitive moat in the credit reporting industry.
The pricing incentive has been extended through the end of 2028.
Nearly 2,000 mortgage lenders and resellers have implemented the model.
Equifax has secured commitments from nearly 2,000 mortgage lenders to implement the VantageScore 4.0 model. To accelerate this transition and improve homeownership affordability, the company extended its $1 pricing incentive through the end of 2028.
By extending the $1 pricing through 2028, Equifax aims to lower barriers to entry for lenders, encouraging the use of alternative data to assess creditworthiness and expand mortgage access.