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DUBLIN - Experian plc (LSE:EXPN) announced Tuesday the launch of its Score Choice Bundle for the US mortgage market, which includes a free VantageScore 4.0 credit scoring option alongside the traditional FICO 2 score.
The new bundle, available through Experian’s Ascend platform, provides lenders with both scoring models on every mortgage transaction under a single fee structure. The package includes credit profiles with trended data, processing for both scoring models, and accounts for any applicable third-party processing fees or royalties charged by score algorithm providers.
According to the company’s statement, Experian will offer VantageScore 4.0 for free indefinitely to give mortgage lenders time to evaluate its benefits during underwriting. If Experian eventually implements charges for the VantageScore, it plans to offer at least a 50% discount compared to FICO’s pricing.
"We believe our new offer will lower costs to American consumers seeking a home, introduce more choice for lenders and further our mission to drive wider financial inclusion," Experian stated in its press release.
The global data and technology company indicated that its financial guidance for fiscal year 2026 and medium-term financial framework remain unaffected by this new offering. The company anticipates enhanced long-term profitability as the US mortgage market adopts what it describes as "better scores."
Experian’s Score Choice Bundle represents the company’s effort to create a more competitive market for credit scores while leveraging its data and analytical capabilities.
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