VantageScore Solutions LLC, the company behind the VantageScore credit scoring model, has announced the hiring of Mike Trapanese as senior vice president of strategic planning and strategic alliances. In this newly created position, Trapanese assumes responsibilities for refining and executing an ongoing strategic plan focusing on the growth and traction of the VantageScore model among consumer lending institutions. Trapanese will also provide outreach to VantageScore Solution’s industry and advocacy partners, as well as to the company’s growing stable of other strategic relationships. He will report to Barrett Burns, president and CEO of VantageScore Solutions.
Prior to joining VantageScore Solutions, Trapanese oversaw strategy and corporate development at the Federal Home Loan Bank of New York. In that capacity, he was instrumental in developing strategies, programs, investments, and policies to position the bank within the evolving housing-finance supply chain. Trapanese began his career as a management consultant, working with some of the largest financial services firms in the world on their most pressing strategic challenges.
“The VantageScore model has gained tremendous traction across the consumer credit landscape, and the time is right to bring in an expert who can help us leverage these growing trends and maximize the opportunities ahead,” said Burns. “Mike’s unique skill set that includes deep background in lending and corporate strategy will help VantageScore Solutions continue to grow, and to position ourselves for the future, particularly within the rapidly evolving secondary market for consumer loans.”
Trapanese holds an MBA from the Wharton School at the University of Pennsylvania where he was a fellow in the Program for Executives. He holds a BA from Boston College.
