Equifax Launches Mortgage Score Select to Enhance Flexibility and Cost Efficiency
Equifax has introduced its new solution, Equifax Mortgage Score Select™, which offers mortgage lenders and brokers greater flexibility during loan origination. The tool allows users to pull an Equifax credit file with or without a selected score—such as VantageScore® 4.0, Classic FICO®, or FICO® Score 10T—and repull the same report within 24 hours for just $1. This approach supports cost efficiency and operational flexibility while preparing lenders for upcoming changes in mortgage credit scoring requirements. The solution is designed to help lenders adapt ahead of January 1, 2027, when the Federal Housing Administration (FHA) will begin accepting VantageScore® 4.0 for eligible loans. Equifax claims this offering enables more informed lending decisions by providing access to expanded data sets while ensuring clarity on which score is associated with each credit file. Equifax emphasizes its commitment to supporting mortgage lenders through innovative tools that align with evolving industry standards and secondary market requirements, positioning itself as a key player in the transition toward multi-score usage.
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