Fostering Socially Responsible Lenders

April 3, 2024
VantageScore® Credit Score Usage Surges 42% to 27 Billion Credit Scores in 2023
December 20, 2023
VantageScore Ascends: A Pivotal Shift in Asset-Backed Security Markets
November 20, 2023
U.S. News and World Report:  What is a VantageScore?
November 1, 2023
VantageScore’s RiskRatio Digital Tool Offers Expanded Capabilities to Provide Lenders Early Warning Signs of Financial Distress
October 31, 2023
VantageScore CreditGauge™ September 2023 Credit Trends: Overall Delinquencies Increased to New 12-Month High
October 26, 2023
VantageScore 4.0 Adoption Will Expand the Mortgage Market to Include Approximately Five Million New Borrowers
October 24, 2023
How Conventional Scoring Models Currently Exclude Over 139,000 Creditworthy Dallas Residents
September 13, 2023
Record Adoption of VantageScore in the ABS Market for 2023
August 29, 2023
VantageScore July 2023 CreditGauge™ Shows Higher Delinquency Rates Persisted as U.S. Consumers Spent Carefully and Continued to Manage Debt Levels
August 17, 2023
National Mortgage News: “Will two newer credit scores beat a single older one for mortgages?”
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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.

    Trusted By

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    So far in 2024, there has been $10.2B of ABS (Asset Backed Securitities) Issuances Using VantageScore Credit Scores by Many of the Top ABS Issuers with Many More Planned.
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    Usage of VantageScore Credit Scores in the ABS Market Grew Year Over Year

    2023 ISSUANCE
    $11.5 Billion
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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
    $10.3 Billion
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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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    Issuances
    • Total of $350M notes issued by Bread Financial Credit Card Master Note Trust
    • 4 private securitizations
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    $0 Billion
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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.

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    Sustainable Securitization

    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
    • Achieve ratings agency recognition
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    The VantageScore Impact

    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.

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    SUPPORTIVE

    93% of ABS & RMBS Investors Support Credit Score Competition

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    Why VantageScore

    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.
    Learn More About VantageScore