TransUnion Announces 99-Cent Mortgage Pricing for VantageScore® 4.0

Core Insights - TransUnion has announced a new price of 99 cents for its VantageScore® 4.0 mortgage origination score, which is expected to generate over $900 million in potential savings for lenders and consumers [1][2] Group 1: Pricing and Savings - The new pricing strategy aims to enhance homebuyer affordability and provide greater value to mortgage lenders [1][2] - TransUnion's price cut is part of a broader initiative to increase competition in the mortgage market, aligning with the Federal Housing Finance Agency's goals [2] Group 2: Product Features - VantageScore 4.0 is designed to support responsible credit growth while ensuring strong risk performance across various economic conditions [4] - The scoring model utilizes trended credit data insights, along with rental and utility tradelines, to offer lenders a comprehensive view of consumer credit behavior [4] Group 3: Support for Lenders - TransUnion will provide historical data and analytical support at no cost to help lenders and investors adopt VantageScore 4.0 confidently [5] - The company continues to collaborate with the FHFA and Government Sponsored Enterprises to facilitate the implementation of VantageScore 4.0 in mortgage lending [6]