Equifax Reports Widespread Adoption of VantageScore® 4.0 Among Mortgage Lenders
Equifax has seen significant adoption of its VantageScore® 4.0 credit scoring model among mortgage lenders, with nearly 2,000 lenders implementing the modern data-driven solution as of September 2026. The company is offering $1 pricing for this score through the end of 2028 to encourage broader industry adoption and reduce loan acquisition costs. This initiative aims to drive potential cost savings of up to $1 billion across the mortgage sector by leveraging alternative data such as utility, telco, and rental payment histories. The accelerated uptake follows approval from the Federal Housing Finance Agency (FHFA) for VantageScore 4.0 use in Fannie Mae and Freddie Mac mortgages. Lenders are increasingly adopting this model to improve credit decisioning and expand access to homeownership, particularly for consumers with thin credit files. Equifax is also enhancing its mortgage solutions by including additional data points like The Work Number® Report Indicator at no extra cost. Equifax CEO Mark Begor emphasized the importance of competition in credit scoring models as a driver of performance improvements and savings for both lenders and borrowers.
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Topics: alternative data in credit scoring Equifax pricing strategy mortgage lending VantageScore 4.0