United Wholesale Mortgage announced Wednesday that independent mortgage brokers working with UWM can now access both FICO and VantageScore credit scoring models for conventional loans, a move aimed at giving brokers more flexibility when evaluating borrowers.

In a press release, the Michigan-based lender said brokers using its no-cost credit reports will automatically receive both credit scoring models.

Under the expanded offering, brokers will be able to compare borrower eligibility and pricing using both FICO and VantageScore credit scores and select the option that best fits a borrower’s financial profile.

UWM said VantageScore may provide advantages for borrowers with limited credit details ⇒

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