5-6-19 A Look at VantageScore and Implications for the Mortgage Industry

In this episode of Lykken on Lending we have Barrett Burns, President and CEO of VantageScore Solutions as our guest in the Hot Topic segment.

Barrett Burns is president and chief executive officer (CEO) of VantageScore Solutions, LLC, an independently managed joint venture of the three national credit reporting companies, Equifax, Experian and TransUnion, and the company behind the VantageScore® consumer credit scoring model.  

Prior to joining VantageScore as CEO during its formation in 2006, he was executive vice president at U.S. Trust, heading the National Private Banking Group and a member of U.S. Trust’s Executive Committee and the Senior Management Team of parent company, The Charles Schwab Corporation.  Previously, he served as executive vice president of global risk management and chairman of the Credit Policy Committee at Ford Motor Credit Company, and as senior vice president and COO of Bank One’s auto finance division, the largest non-captive lender in the U.S. at the time. Burns also spent more than a decade with Citibank, lastly as group credit officer for an international consumer banking division that included operations throughout the U.S. and Europe. 

Topic Covered in this Interview:

1. How does VantageScore broaden access to credit but respect safety and soundness principles?
2. What observations has VantageScore had about Millennials?
3. What is trended credit data and how is VantageScore leveraging it?

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