Equifax extends $1 VantageScore 4.0 pricing as adoption nears 2,000 lenders
Equifax reported that almost 2,000 mortgage lenders have begun using its VantageScore 4.0 model since April 2026, with over 165 relying solely on the $1‑price option. The firm will keep the $1 per score price in place until the end of 2028 after the Federal Housing Finance Agency approved the model for Fannie Mae and Freddie Mac loans. Executives said the pricing could generate up to $1 billion in industry cost savings.
Why it matters
Equifax says the low‑cost pricing is meant to accelerate adoption, cut loan acquisition costs and potentially save the mortgage market $1 billion, which could improve borrower affordability (material [1]). The company also claims the model may lift originations by about 20% by providing alternative data (material [2]).
Key facts
- 1Nearly 2,000 mortgage lenders have adopted VantageScore 4.0 since April 2026. prnewswire.com
- 2More than 165 lenders are using the model exclusively at the $1 price. prnewswire.com
- 3Equifax will maintain the $1 pricing through the end of 2028. prnewswire.com
- 4A 230% increase in VantageScore 4.0 scores pulled for mortgages was recorded between April and August 2026. investing.com
- 5FHFA approved VantageScore 4.0 for use in Fannie Mae and Freddie Mac mortgages. investing.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.