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7 May 2025 M T E C H May 2025 » "VeriTitle helps lenders streamline decision-making and fuels faster, more efficient closings, helping foster stronger relationships with their borrowers and grow their mortgage and home equity business," said Robert Karraa, President of First American Data & Analytics. "Tapping our industry-leading data assets to solve industry challenges reflects our commitment to equip lenders with inno- vative tools and actionable insights to en- hance efficiency, reduce costs, and deliver exceptional borrower experiences." Designed with mortgage originators and home equity lenders in mind, VeriTi- tle is the only solution on the market that integrates proprietary first-party property data to assess title conditions and validate critical property and owner information. This innovative approach empowers lenders to address title challenges, such as resolving liens, correcting title errors, and confirming property ownership, early in the mortgage origination process, creating a smoother path to closing. "VeriTitle delivers a preliminary title evaluation that helps lenders differentiate loans—identifying those ready for an accelerated closing versus those need- ing additional title work," said Jennifer Menard, Senior Director of Product at First American Data & Analytics. "Powered by our expansive lien data and advanced analytics, this solution provides the insight lenders need to improve work- flows and close loans more effectively." VANTAGESCORE RELEASES UPGRADE N ational credit scoring provider VantageScore has launched its newest tri-bureau credit score model, VantageScore 5.0. VantageScore 5.0 utilizes the company's patent-pending attributes to offer enhanced insight on consumer creditworthiness, providing an additional predictive lift of up to 9% on unsecured loans, including credit cards, retail cards, and personal loans for thin credit file consumers compared to Vanta- geScore 3.0. VantageScore 5.0 was trained, in part, on consumer loan data from after the pandemic when consumer credit behaviors changed significantly. "The credit landscape is evolving rap- idly. VantageScore 5.0 is at the forefront of a new generation of VantageScore credit scoring models built on today's challenges and tomorrow's opportunities, providing lenders and fintechs with more granular borrower insights, enhanced predictive power, and stronger risk segmentation," said Dr. Andrada Pacheco, EVP and Chief Data Scientist at VantageScore. The model is built on VantageScore's proprietary patent-pending attributes, which capture real-time credit behaviors and historical trends to improve predic- tive performance, particularly for con- sumers with new or thin credit histories. "The quantitative results from Vanta- geScore 5.0 back-testing are impressive," said Yazel Pardo, VP and Head of Credit Risk at Patelco Credit Union. "The sub- stantial rise in predictive lift for those with thin, inactive or young credit files helps lenders like Patelco to better identify credit risk and support the responsible expansion of access to credit to a wider population." Key features include: • VantageScore 5.0 provides a lift in originations of up to 9% for consum- ers with thin files. This offers lenders a reliable way to expand their pool of creditworthy applicants without incurring additional risk. • VantageScore 5.0 is optimized for unsecured lending including credit cards, retail cards and personal loans, and provides a significant overall pre- dictive lift for these credit products. • VantageScore 5.0 uses an innovative and simplified credit score model design that minimizes credit score mi- gration, maintaining a more consistent credit score within an ever-changing credit environment. VantageScore 5.0 also reduces variability across credit bureau files, ensuring 96% of scores remain within a 40-point range across all three bureaus. "The credit landscape is evolving rapidly. VantageScore 5.0 is at the forefront of a new generation of VantageScore credit scoring models built on today's challenges and tomorrow's opportunities ..." —Dr. Andrada Pacheco, EVP and Chief Data Scientist, VantageScore