STAMFORD, Conn.--(EON: Enhanced Online News)--VantageScore Solutions, the company behind the VantageScore® credit scoring model, announced today that its president and CEO Barrett Burns was named to the Board of Directors for the Mortgage Bankers Association.
“Our goal is to lead the members of the MBA into a new era of mortgage finance and to be advocates for responsible, sustainable homeownership.”
The official announcement was made at the Mortgage Bankers Association’s 100th Annual Convention & Expo on October 27, 2013.
“I am delighted to serve alongside such a diverse and forward-thinking governance group,” said Mr. Burns. “Our goal is to lead the members of the MBA into a new era of mortgage finance and to be advocates for responsible, sustainable homeownership.”
Mr. Burns has over 30 years of experience as a lender and served as a senior business executive and global risk manager at top-tier financial institutions including U.S. Trust, Ford Motor Credit, BankOne and Citibank.
He also currently serves as a member of the Corporate Board of Governors for the National Association of Hispanic Real Estate Professionals and on the Asian Real Estate Association of America’s National Advisory Council. Burns is a member of the National Community Reinvestment Coalition’s Mortgage Finance Collaborative Council and the Board of Regents of the Mercersburg Academy. He served on the Federal Reserve Board’s Consumer Advisory Council until June 2011 and is a director of the Homeownership Preservation Foundation.
About VantageScore Solutions
VantageScore Solutions, LLC (www.vantagescore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models, including the recently announced VantageScore 3.0 model which provides up to 25 percent predictive improvement over earlier models and has the ability to formulate a score for 30 – 35 million previously unscoreable consumers. Initially developed by America’s three national credit reporting companies (CRCs) — Equifax, Experian and TransUnion — VantageScore Solutions’ highly predictive models use an innovative, patented and patent-pending scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies.