VantageScore 4.0 credit scores are now available via Calyx, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers and lenders, as part of lenders’ existing workflows. Advantage Partner Solutions (APS) now pulls VantageScore 4.0 credit scores directly into Calyx’s Path, Point and Zenly loan origination platforms, making the most advanced consumer credit score for mortgages directly available to lenders and brokers across the United States. As lender adoption of VantageScore 4.0 continues to accelerate, Calyx and APS’s integration of VantageScore into their platforms demonstrates the rapid evolution of the mortgage technology infrastructure supporting it.
There is a broad evolution happening in the mortgage industry, from how lenders are evaluated to the ways that lenders use data throughout the mortgage process,” said Dr. Rikard Bandebo, EVP, Chief Strategy Officer and Chief Economist at VantageScore. “VantageScore 4.0 gives lenders all the tools they need to make the best decisions for their business, utilizing the most modern, predictive and innovative credit scoring capabilities in the mortgage market today.
We are entering a period of meaningful change in how mortgage lenders evaluate credit,” said Sung Park, Senior SVP of Product Development at Calyx. “As new scoring models expand the data and options available to lenders, our responsibility is to make sure Calyx customers can take advantage of those changes within the technology they already use. Bringing VantageScore 4.0 across Path, Point and Zenly helps prepare our customers for where the mortgage market is going next.
VantageScore 4.0 adoption has spread rapidly throughout the mortgage industry. Calyx is the latest mortgage finance industry leader to adopt VantageScore 4.0, following Optimal Blue, Rocket Mortgage, Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA), the Federal Home Loan Banks and U.S. Department of Veterans Affairs.
Seeking to pilot VantageScore 4.0? Resources for lenders interested in using VantageScore 4.0 to responsibly identify more qualified borrowers using modern, data-driven and predictive scoring are available at www.vantagescore.com/lenders.
