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VantageScore
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- 1Rocket Mortgage Adopts VantageScore on All Eligible Loans▼Rocket Mortgage Becomes First Home Lender to Use VantageScore as its Preferred Scoring Model on All Eligible Loans
Rocket Mortgage has become the first home lender to use VantageScore as its preferred credit scoring model across all eligible loans. The move marks a notable shift in how mortgage creditworthiness may be assessed, as VantageScore competes with the long-dominant FICO in the US lending market. The announcement could push other major lenders to reconsider their scoring choices.
- 2Rocket Adopts VantageScore as Default Credit Score●Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings
Rocket Companies will make VantageScore its default credit score after internal testing indicated the switch would generate savings for borrowers. The move, reported by National Mortgage Professional, marks a notable shift in how the mortgage lender evaluates applicants and could broaden access to home loans for consumers whose credit profiles are better captured by VantageScore models than by traditional FICO scores.