Stamford, Connecticut-based VantageScore Solutions hired Mike Trapanese as senior vice president of strategic planning and strategic alliances.
In the newly created role, he will be responsible for refining and executing an ongoing strategic plan focusing on the growth and traction of the VantageScore model among consumer lending institutions.
In addition, Trapanese will provide outreach to VantageScore Solution’s industry and advocacy partners, as well as to the company’s growing stable of other strategic relationships.
Trapanese most recently oversaw strategy and corporate development at the Federal Home Loan Bank of New York.
“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 Barrett Burns, president and CEO of VantageScore Solutions.
“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,” Burns said.