Rocket Mortgage and Rocket Pro announced Thursday that they have begun using VantageScore 4.0 alongside Classic FICO scores in the mortgage qualification process, a move the company said is aimed at expanding access to home financing.

Rocket’s crosstown rival, United Wholesale Mortgage (UWM) began allowing its brokers to access both FICO and VantageScore credit scoring models for conventional loans at the end of April.

VantageScore 4.0 incorporates additional consumer payment data, including rent, utility and telecommunications payment histories, to assess creditworthiness.

According to VantageScore, the model could make it possible to generate credit scores for as many as 33 million additional details ⇒

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