Discussion of Vantage and Anthem

lil_oh_me · Joined: 04 Jan 2006 Posts: 35 Location: Grand Rapids, MI

I would be interested in a discussion of the the joint offering of the
Vantage scoring system and also First American Credco's new
Anthem program.

chow · Posted: Mon Mar 27, 2006 2:02 pm Post subject:

I don't have any thing to discuss on that topic until I see an end investor actually biting off on the product. (Well-maybe I do.....)

I get the feeling it's just a warm fuzzy sales pitch for John Q Public. We (Mortgage people) already told them (consumer's) the scores they pay for online don't really mean much to anyone but the person paying for it. What's the point of going on a sales blitz for a score when everyone who uses the scores has a different model they use?

Oh. I forgot......It's a new spin on Pandora's box of "scores."

How many times can you change the package of your product and call it NEW? :roll:

lil_oh_me · Joined: 04 Jan 2006 Posts: 35 Location: Grand Rapids, MI

Advantage Credit sent out a communication regarding Vantage which
boils down to the possibility of any lender using Vantage in the near
future is zero.

For my money, Experian, Trans Union and Equifax have cooked this
up essentially to collectively practice CYA.

It does give me the opportunity; however, to put together a news letter
to inform my client base about what is going on. Once again, there
is more for the consumer to understand than rate and term.

chow · Posted: Mon Mar 27, 2006 2:41 pm Post subject:

:lol: :arrow: :arrow: :lol: :lol: :lol: :lol: :lol:

Yep, you read it in the paper or see it on the news and it's a sure thing-riiiiight?