Rocket Mortgage Becomes First Home Lender to Use VantageScore as Its Preferred Scoring Model on All Eligible Loans

Mortgage shake-up could change how Americans qualify for home loans

A new credit scoring model is shaking up the mortgage industry - and could help borrowers whose rent and payment history were overlooked by traditional scores.

FICO stock plummets as credit reporting for mortgages gets shaken up

In addition to Fannie and Freddie incorporating VantageScore, Rocket Mortgage said that it will also use the FICO competitor when underwriting loans.

Rocket Mortgage is First Home Lender to Use VantageScore as its Preferred Scoring Model

Rocket Mortgage in Detroit, part of Rocket Cos., will become the first mortgage lender to use VantageScore 4.0 as its preferred credit scoring model for all eligible loans starting in the fourth quarter of 2026.

Rocket Mortgage will make VantageScore 4.0 its default credit model

Rocket Mortgage will default to VantageScore 4.0 in Q4 after 1.4 million tests found some borrowers saved $1,600 at closing.

Rocket Mortgage Becomes First Home Lender to Use VantageScore as its Preferred Scoring Model on All Eligible Loans

Announcement follows testing showing more clients meet credit requirements and benefit from lower costs using VantageScore 4.0

Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

Rocket Mortgage is moving beyond simply offering an alternative to FICO.After roughly four months of testing VantageScore 4.0 alongside FICO, the lender says it will make VantageScore its preferred credit-scoring model for eligible loans during the fourth quarter — one of the clearest signs yet that the mortgage industry's new credit-score competition is beginning to influence how lenders actually structure loans.