CreditGauge™ February 2024: Consumers Continued to Move “Up or Out” as VantageScore Prime Credit Tier Contracted By 1.1% YoY
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Federal Home Loan Bank of San Francisco Now Accepts VantageScore 4.0 Mortgage Collateral
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As Student Loan Borrowers Enter Repayment, How Will Credit Scores Be Impacted?
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VantageScore 4.0 Performs Better: VantageScore® Releases Results of Its Annual Model Performance Assessment
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VantageScore® Credit Score Usage Up 30% in 2022:
Consumer and Personal Loan Companies’ Use Soars, as well as Telecoms and Utility Companies
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    VantageScore’s Strong Momentum in Capital Markets



    VantageScore credit scores are often used by the largest lenders and issuers of asset backed securities (ABS). Portfolios that feature loans originated using VantageScore are highly transparent, predictive and inclusive. As a result, issuers that use VantageScore demonstrate to the marketplace a focus on being socially responsible lenders.

    There has been $3.1B of ABS (Asset Backed Securities) Issuances Using VantageScore Credit Scores by Many of the Top ABS Issuers YTD with Many More Planned.

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    Usage of VantageScore Credit Scores in the ABS Market Grew Year Over Year


    2023 ISSUANCE

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    • Total of $6.2B notes backed by auto loans
    • 4 SEC-registered securitizations
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    • Total of $3.1B notes back by auto loans
    • 5 SEC-registered securitizations
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    • Total of $1.8B notes issued by Synchrony Card Trust
    • 2 SEC-registered securitizations
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    • Total of $350M notes issued by Bread Financial Credit Card Master Note Trust
    • 1 SEC-registered securitizations
    2022 ISSUANCE

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    • Total of $6B notes backed by auto loans
    • 4 SEC-registered securitizations
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    • Total of $1.7B notes issued by Synchrony Card Trust
    • 2 SEC-registered securitizations
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    • Total of $350M notes issued by Bread Financial Credit Card Master Note Trust
    • 4 private securitizations
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    • Total of $1.2B notes back by auto loans
    • 2 SEC-registered securitizations

    RMBS Markets



    VantageScore credit scores are often used by capital markets’ participants in the residential mortgage-backed securities (RMBS) market.

    With coverage of approximately 94% of U.S. consumers age 18 and above, VantageScore is a trusted source of credit-score information for borrowers across the credit spectrum — from Super Prime to Subprime.

    Starting in 2024 the FHFA has required VantageScore credit scores to be used for all mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. Get started using VantageScore credit scores today - we are the leader in predictive power and financial inclusion.

    Learn More About VantageScore 4.0 for Mortgage.


    Super Prime: 781 - 850

    Prime: 661 - 780

    Near Prime: 601 - 660

    Subprime/Not Prime: 300 - 600

    Underwriters and institutional investors use VantageScore credit scores as part of their investment decision-making. Institutions across capital markets value VantageScore for a variety of reasons:

    • Utilizes tri-bureau data (Equifax, Experian, TransUnion) to derive scores.

    • Provides on-going, transparent and public reporting of VantageScore model performance assessments and methodology.

    • Covers 10.7 million underserved consumers unscorable by legacy methods, while maintaining safety and soundness.

    • Same standard of care is used across the credit spectrum. Score transparency facilitates deeper insight into risk profiles, providing more efficient and effective communication of risk throughout the ABS lifecycle.

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    SUPPORTIVE

    Capital Markets Industry Supports Credit Score Competition



    FTI Consulting: 93% of ABS and RMBS Investors Support Greater Competition in Credit Scoring

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    Trusted By



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    Bankrate
    TDBank
    SynchronyBank
    creditsesame
    usaa
    lendingtree

    VantageScore has revolutionized the credit scoring marketplace by leveraging data analytics to make access to credit more equitable since 2006.

    Over 3,000 banks, fin-techs and other companies use VantageScore credit scores every day to assess consumer creditworthiness. Last year, over 19 billion VantageScore credit scores were used representing a 30% yearly increase. Most top 10 US banks, large credit unions and leading fin-techs use VantageScore credit scores in one or more lines of business including credit cards, auto loans, personal loans and more.

    Starting in 2024 the FHFA has required VantageScore credit scores to be used for all mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. Get started using VantageScore credit scores today - we are the leader in predictive power and financial inclusion.

    Putting The "S" in ESG


    Institutions who utilize VantageScore are able to demonstrate social impact by extending credit to creditworthy consumers historically underserved. Securitizations that cite VantageScore are recognized for high levels of accuracy and transparency combined with inclusivity, safety and soundness.

    • Cover underserved and mainstream consumers

    • Feature geographically based insights
    • Offer comparable performance

    • Acheive ratings agency recognition

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    “We now utilize VantageScore (“Vantage”) credit scores to assist in our assessment of credit quality as we believe Vantage scores more U.S. consumers, and potential applicants, as compared to our prior use of FICO credit scores”
    TOP 5 CREDIT CARD ISSUER
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    VANTAGESCORES USED FROM JANUARY - DECEMBER 2022

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