Beyond the credit report: How lenders can navigate the next era of mortgage credit

New scoring models, evolving credit requirements and persistent cost pressures are forcing mortgage lenders to rethink their mortgage credit strategy. As the industry moves toward more flexible credit scoring, lenders must balance potential savings with risk, operational efficiency and borrower access. In this conversation, Patrick Tynan, Chief Sales Officer at Advantage Partners Solutions (APS), discusses the impact of VantageScore 4.0, why cost per funded loan matters more than individual credit report pricing and how strategic CRA partnerships can help lenders prepare for what comes next. VantageScore 4.0 and the changing economics of mortgage credit HousingWire: Mortgage credit is entering a period of significant change, with new scoring models and continued cost pressure. Which shifts do you believe will have the greatest impact on lenders, and where should they be paying closer attention? Patrick Tynan: One of the biggest changes I have seen in my career is happening right now, and it is VantageScore 4.0. For decades, lenders had one option. Now they have a real choice. Lenders can use VantageScore 4.0 today on most loans sold to Fannie Mae and Freddie Mac, and FHA begins acc...