Lenders

Why More Lenders Choose VantageScore

Innovative technology allows us to bring you unmatched scoring consistency, accuracy and predictability.

VantageScore continues to represent a new standard of innovation in credit scoring.

Each model release introduces new technologies and analytics to generate unprecedented levels of consistency, accuracy and predictability.


Consistently Recognized by Federal Regulators

Regulatory recognition is proven by the thousands of lenders, including 7 of the top 10 financial institutions.

VantageScore is recognized the top federal regulators across all major credit categories:

Consumer Financial Protection Bureau (CFPB), Federal Financial Institutions Examination Council (FFIEC),Federal Housing Finance Agency (FHFA),Federal Trade Commission (FTC), Office of the Comptroller of the Currency (OCC), Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA),Federal Reserve Board (FRB),National Credit Union Administration (NCUA), Securities and Exchange Commission (SEC)


Usage Is Deep and Mainstream

A recent study conducted by Oliver Wyman indicates that VantageScore usage spans all credit industries (except the mortgage market), and the model accounted for 12.3 billion of the credit scores used between July 2018 – June 2019.

Key Lenders and Institutions Using the VantageScore Model

Oliver Wyman’s study of VantageScore market adoption also includes the following findings:

  • More than 2,500 unique users of VantageScore credit scores, including 2,200 financial institutions.
  • Credit card issuers and banks and thrifts accounted for over half (52%) of all usage of VantageScore credit scores.
  • Over 3 billion VantageScore credit scores have been provided to consumers to empower them to practice good credit health habits. Nationwide most consumers use VantageScore credit scores as a proxy for how a lender might interpret their creditworthiness.
  • Nine of the 10 largest banks and 29 of the 100 largest credit unions used VantageScore credit scores in one or more lines of business.

Adoption in secondary capital markets:

  • Major ratings agencies recognize and accept VantageScore in the ratings of securities (ABS)
  • Secondary Capital Markets’ Most Sophisticated Institutional Investors

VantageScore is recognized by the top federal regulators across all major credit industries:

VantageScore regularly engages with the prudential financial regulators to educate them about our models, including the U.S. Treasury Department, Office of Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), Consumer Financial Protection Bureau (CFPB), and the Federal Reserve Board, among others. Regulatory recognition is further shown by the thousands of regulated lenders that use our models millions of times each day.

VantageScore models are also specifically used or referenced by a number of key financial regulators, including:

  • Consumer Financial Protection Bureau (CFPB) – Federal Housing Finance Agency (FHFA) Mortgage Database
  • 2018 Specifications for submitting Home Mortgage Disclosure Act (HMDA) data to the Federal Financial Institutions Examination Council (FFIEC)

The VantageScore model is also embedded in other major industry platforms:

  • Mortgage Industry Standards Maintenance Organization (MISMO) 3
  • Nationwide vendors providing software systems enabling lender/credit bureau communication

In 2014, the Federal Reserve Board begain accepting VantageScore data in its Capital Assessments and Stress Testing Report (FR Y-14M). Previously, FICO was the only credit scoring brand accepted in the report.


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VantageScore.com is loaded with educational materials about credit and scoring and detailed information about our models. However, if you need additional help, or if you’re a lender looking to speak with someone directly, please get in touch with us here.