VantageScore today announced that VantageScore 4.0 credit scores are now available through Xactus360, the Intelligent Verification Platform® from Xactus, a fintech and market leader in verification solutions for the mortgage industry. The integration expands the credit-scoring options available to mortgage lenders through Xactus and supports more flexible, data-driven credit workflows. Through Xactus360, lenders can incorporate VantageScore 4.0 into their existing mortgage origination workflows, supporting the industry’s continued transition toward modernized credit scoring.
VantageScore 4.0 is a highly effective tool for lenders across the mortgage industry, powering mortgage platforms with highly accurate data and predictive credit scoring capabilities,” said Dr. Rikard Bandebo, EVP, Chief Strategy Officer, and Chief Economist at VantageScore. “Leading mortgage technology platforms, such as Xactus, are evolving their processes alongside the industry as they embrace VantageScore 4.0 to better serve their lenders.
Xactus is committed to helping lenders navigate credit score modernization with greater clarity, flexibility and confidence,” said Mike Brown, Chief Product Officer at Xactus. “Making VantageScore 4.0 available through Xactus360 expands lender choice and supports our strategy of delivering the right data at the right time through intelligent, configurable workflows.
VantageScore 4.0 adoption and availability continue to expand across the mortgage ecosystem. The model is available through mortgage technology providers, including Calyx and Optimal Blue, and has been adopted by lenders such as Rocket Mortgage. The Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, along with the Federal Home Loan Banks, Federal Housing Administration and the U.S. Department of Veterans Affairs also utilize VantageScore 4.0.
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 VantageScore.com/insights/vantagescore-4.
