Do you think the industry is generally happy or upset about this? What is the industry chatter about this program?

The sentiment I am hearing from a couple of customers I spoke to yesterday is that they are not happy. They understand it is a disruptor and that the cost of the score was not discounted to us as a reseller. We are not only taking on the cost of the score but also the increased costs of other components. In general, the mortgage lending industry is very upset with the credit reporting industry right now. Initially, they thought it was transparent, but as they looked deeper, they didn't realize the impact FICO's announcement would have from the bureaus and their response to it.

I am familiar with some of the stats on that. VantageScore is promoted, and I follow the news about how it can be used for GSE lending. In reality, though, how does the industry view VantageScore as a viable alternative? Will people really use this? The bureaus own it, so they sound optimistic, but they say it is going to take a long time and haven't set a target for where this could go. Is it really going to take share, or is it a fantasy?

It will take share. I already have customers asking about it now, and I think it is due to confusion. When Pulte announced that they would accept Vantage today, everyone was like, "Can you turn it on?" All of us resellers have access to it, but the mortgage ecosystem cannot currently support it.