Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of VantageScore 4.0 in mortgage lending after officially announcing last week that they have started using VantageScore 4.0 alongside Classic FICO scores.
Heather Lovier, chief operating officer of Rocket Companies, told HousingWire that VantageScore 4.0 can currently be used for Fannie Mae, Freddie Mac and Department of Veterans Affairs (VA) loan products offered through Rocket Mortgage and Rocket Pro. This is line with guidance from the Federal Housing Finance Agency (FHFA) and the Department of Housing and Urban Development (HUD).
The company declined to disclose details ⇒
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