The Best Part of My Job
One of the things I love about my job leading VantageScore Solutions is the fact that we’ve been able to develop meaningful relationships with so many different individuals and institutions over the years. Let’s face it: every organization has issues and values that are important to them. We’re no different, and neither are the groups with whom we work. What I find gratifying, however, is when those values and issues are shared.
The recent release of the Credit Score Knowledge Survey – which we produce each year with the Consumer Federation of America (CFA) – is a great reminder of this. The results of this new survey were both enlightening and sobering (you can read more about it in this newsletter). No one understands consumers better than the CFA, and its guidance on this study and consumer education in general informs the direction VantageScore takes as we work to educate consumers about credit. None of it would be possible without shared values, and the same can be said about a number of other relationships we’ve developed over the years.
We are proud of our work with the National Community Reinvestment Coalition and the National Fair Housing Alliance to help provide more homeownership opportunities to minority and low- and middle-income borrowers.
We stand by the National Association of Hispanic Real Estate Professionals and the Asian Real Estate Association of America on similar issues. From the early days of VantageScore, these organizations understood that our model could help more members of their constituency obtain sustainable homeownership.
Staying in touch with the investment community’s needs is also important to us, which is why we closely partner with the Structured Finance Industry Group. We work together with issuers, underwriters, investors and ratings agencies to elevate understanding of how the credit scoring models can impact the viability and performance of consumer asset-based securities and in turn, how scoring models can impact the economy overall.
And to think that these are just a few of the great groups with whom we’ve connected. The value of these relationships and the work we do together cannot be understated, both from an institutional and a personal perspective. It really is the best part of my job.