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TransUnion and Equifax roll out mortgage tools to add scores later

The companies said lenders can review mortgage credit files without buying scores up front, then repull the file within 24 hours for $1 when scores are needed.

Reported · Written up by our desk · Mortgages

TransUnion and Equifax have introduced mortgage credit tools that separate credit file access from the purchase of credit scores, letting lenders add scores later as needed. HousingWire reports the change is designed to reduce credit costs and better match spending with loans likely to close.

TransUnion announced First Look Functionality for Mortgage, which lets lenders review credit insights before buying scores, and it said it extended 99-cent VantageScore 4.0 mortgage pricing through 2028 when pulled alongside a FICO score. Equifax launched Equifax Mortgage Score Select, which allows lenders and brokers to pull a mortgage credit file with a selected score or without a score during loan origination.

Equifax said lenders can repull the mortgage credit file within 24 hours for $1, in addition to the cost of any mortgage score they choose. The announcements follow Equifax’s decision to maintain $1 VantageScore 4.0 mortgage credit score pricing through the end of 2028, as lenders face margin pressure and score requirement changes.

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