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July 07, 2015 7:22 PM ET

Software

Company Overview of VantageScore Solutions, LLC

Company Overview

VantageScore Solutions, LLC, an independently managed company, holds the intellectual property rights to a credit scoring model. It provides VantageScore, a credit scoring model that is used by lenders, including financial institutions, credit card issuers, auto lenders, and mortgage lenders the company is responsible for the continued maintenance and re-validation of the underlying algorithms for the model. The company creates enhancements of VantageScore models, provides educational material and analyses, works with regulators and ratings agencies to promote adoption, and monitors credit reporting changes/practices with regard to their impact on VantageScore. VantageScore Solutions, LLC wa...

281 Tresser Boulevard

Two Stamford Plaza

Suite 1002

Stamford, CT 06901

United States

Founded in 2006

Phone:

203-363-2160

Fax:

203-569-0010

Key Executives for VantageScore Solutions, LLC

Chief Executive Officer and President
Senior Vice President of Analytics & Product Management
Vice President of Strategic Planning & Communications
Vice President of Public Relations
Compensation as of Fiscal Year 2015.

VantageScore Solutions, LLC Key Developments

VantageScore Solutions, LLC Announces Results of Study Assessing Social and Financial Impact of Revised Credit Score Requirements at Fannie Mae and Freddie Mac

VantageScore Solutions, LLC announced the results of a study assessing the social and financial impact of revised credit score requirements at Fannie Mae and Freddie Mac. Currently, through their seller-service guidelines, Fannie Mae and Freddie Mac ‘lock in’ models based on sample dates from the 1995 - 2000, which ultimately exclude millions of creditworthy borrowers. VantageScore Solutions’ impact assessment estimates that 72,285 creditworthy households would additionally be served annually by more inclusive scoring models if these guidelines were amended. This includes expanding mortgage access to 16% more Hispanic and African American households as compared with 2013 levels. Based on conservative assumptions, the assessment reveals that this could lead to a combined annual revenue opportunity of $272 million for Fannie Mae and Freddie Mac. The VantageScore 3.0 model is able to generate a score for 98% of those consumers with credit files at the three credit reporting companies, including 30-35 million consumers typically not scored by conventional models. Among those within this population, 7.6 million have credit scores of 620 or above, potentially qualifying them for a mortgage.

Quizzle.com Adopts VantageScore Solutions's VantageScore 3.0

VantageScore Solutions announced that Quizzle.com has adopted the VantageScore 3.0 model and will provide free credit scores to its users. Quizzle.com also integrates information powered by VantageScore Solutions through ReasonCode.org, which allows consumers to search specific reason codes to receive deeper explanations and tips for addressing credit behaviors that negatively impact their credit score.

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