STAMFORD, Conn. - (Business Wire) VantageScore Solutions will present its latest Webinar, “Credit Scoring and Mortgage Modifications: What Lenders Need to Know,” on Thursday, Nov. 5, 2009 at 1 p.m. EST. The free, one-hour presentation will examine how loan modification and other mortgage restructuring programs impact consumers’ VantageScores. Sarah Davies, Senior Vice President, Analytics and Product Management at VantageScore Solutions will host the Webinar.
To mitigate the negative impact caused by the crisis, Davies explained, the U.S. government and mortgage lenders developed various programs aimed at helping homeowners better manage their mortgage debt and meet monthly mortgage payments, ultimately hoping to stem foreclosures and keep families in their homes.
The Webinar will cover the impact on credit scores from these government-sponsored modification programs as well as from short sales, foreclosures, and bankruptcy and will showcase the range of score changes based on the financial magnitude of the restructured events. A final area of the presentation will focus on how a consumer may rehabilitate his/her score to gain access to reasonably priced credit.
For more information or to register for the Webinar, log on to:
http://register.sourcemediaconferences.com/webevent/vants.cfm?sourcecode=v3
About VantageScore Solutions
Stamford, Conn.-based VantageScore Solutions, LLC (www.vantagescore.com) is an independently managed company that holds the intellectual property rights to VantageScore, a generic scoring model introduced in March 2006. Created by America’s three major credit reporting companies (CRCs) — Equifax, Experian and TransUnion — VantageScore’s highly predictive model uses an innovative, patent-pending scoring methodology to provide lenders with a more consistent interpretation of consumer credit files across all three major credit reporting companies and the ability to score more people.
VantageScore Solutions, LLC
Wayne E. Travers Jr., 203-363-2170
waynetravers@vantagescore.com
