🎙️ Val’s Vibe Episode 12: The Rising Cost of Credit Reports – What You Need to Know

Send a text The credit reporting industry is experiencing significant price hikes, with costs trickling down through the reseller market—but why? In this episode, Valerie dives into the key factors driving these increases, from FICO and credit bureaus to the new VantageScore model.💡 Key Takeaways:✔️ Why mergers and declining loan volume are driving up credit report costs✔️ The potential shift to VantageScore and bi-merge reports – what it means for lenders✔️ Why the industry should advocate for single bureau reports to cut costs✔️ How trade associations and professionals can push for real reforms🔜 Next Week: Valerie breaks down AI’s impact on mortgage lending with insights from the NMLS User Conference in Atlanta.🎧 Tune in now and stay ahead in the mortgage industry!