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Equifax keeps $1 VantageScore 4.0 price through 2027

Equifax said Q2 VantageScore mortgage volume rose to 2.2 million transactions and that about 1,200 additional mortgage lenders added the $1 model alongside a paid FICO score.

Reported · Written up by our desk · Mortgages

Equifax will keep its $1 VantageScore 4.0 price through the end of 2027, aiming to spur wider adoption of the alternative credit score model among mortgage lenders, CEO Mark Begor said in an earnings call, according to HousingWire.

In Q2, Equifax reported VantageScore mortgage volume of 2.2 million transactions, nearly tripling from the first quarter, with most of the increase tied to roughly 1,200 mortgage lenders that pulled VantageScore alongside a paid FICO score.

Equifax added that about 100 mortgage lenders have moved to using only VantageScore at the $1 price point for mortgage originations, primarily smaller non-government-sponsored enterprise originators and lenders focused on HELOCs and home equity loans.

Begor said Equifax makes no margin on FICO mortgage scores, with FICO accounting for about 50% of U.S. Information Solutions mortgage revenue and roughly 7% of total Equifax revenue, which he described as delivering zero margins.

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