TransUnion Secures VantageScore 4.0 Mortgage Approval, Offers 99-Cent Pricing to Save $1B
TransUnion celebrated FHFA and HUD approval of including VantageScore 4.0 in U.S. mortgage underwriting, enabling lenders to adopt its model with 30 months of trended credit data. The company also launched 99-cent mortgage pricing, projections of nearly $1 billion savings for lenders and consumers, and a free credit score simulator.
1. FHFA and HUD Approval
TransUnion applauded the Federal Housing Finance Agency and Department of Housing and Urban Development for approving the use of its VantageScore 4.0 model in U.S. mortgage underwriting, marking a significant expansion of credit scoring options for lenders and homebuyers.
2. 99-Cent Mortgage Pricing Initiative
The company introduced the industry’s first 99-cent VantageScore 4.0 mortgage pricing, projecting nearly $1 billion in cost savings for lenders and consumers over multiple years through transparent and predictable pricing structures.
3. VantageScore 4.0 Model Features and Tools
Powered by 30 months of trended credit data, rental and utility tradelines, VantageScore 4.0 delivers enhanced predictive power; TransUnion also launched a free credit score simulator to help borrowers optimize their scores before applying.