Credit Bureaus Issue Statements Following FICO’s New Mortgage Pricing Announcement
Following FICO’s recent announcement of a new direct licensing model and updated pricing for mortgage credit scores, all three national credit...
Credit Bureaus Issue Statements Following FICO’s New Mortgage Pricing Announcement
Following FICO’s recent announcement of a new direct licensing model and updated pricing for mortgage credit scores, all three national credit bureaus—Equifax, Experian, and TransUnion—have released statements outlining their respective responses and updated offerings for lenders.
Equifax announced an expansion of its mortgage credit offerings.
- VantageScore® 4.0 mortgage credit scores will be priced by Equifax at $4.50 for two years.
- Free VantageScore 4.0 credit scores will be offered through the end of 2026 to all Equifax mortgage customers who purchase FICO scores.
- The Work Number® Report Indicator and additional alternative data will be delivered alongside the Equifax mortgage credit report at no cost.
Experian responded by announcing changes to its pricing and score access.
- Free access to VantageScore 4.0 for a limited time, allowing lenders to test and prepare for future scoring model adoption.
- 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
TransUnion introduced new mortgage credit offerings:
- VantageScore 4.0 for mortgage at $4
- TransUnion will also provide free VantageScore 4.0 for mortgage to customers that purchase a FICO score from TransUnion through the end of 2026.
- Multi-year pricing for credit report and VantageScore 4.0
- A free VantageScore 4.0 credit score simulator for industry participants
Informative Research (IR) is sharing this information to keep lenders informed of recent developments following FICO’s pricing changes. We encourage our clients to review each announcement directly for full details and updates from the credit bureaus.
Tags:
Credit Score Models
Disclaimer: The views and commentary expressed in this blog are provided for informational purposes only and do not constitute legal, financial, or professional advice. Informative Research (IR) makes every effort to ensure the accuracy of the content at the time of publication, but we do not guarantee its completeness or timeliness. Readers should consult their own legal or business advisors before making decisions based on this information. References to third-party companies, products, or services are not endorsements.
Talk to An Expert
The right partner makes all the difference. With IR, you gain smarter credit and verification solutions, a team that has your back, and a strategy that grows with you.
Schedule a Call