Pennymac has deployed VantageScore 4.0 across all of its production channels, expanding the mortgage lender’s use of an alternative credit scoring model.
The rollout follows guidance from the Federal Housing Finance Agency and the Department of Housing and Urban Development that opened conventional and Federal Housing Administration lending to competing credit score models.
The policy shift gives lenders a broader framework for evaluating borrower credit than a single scoring-model approach. Pennymac’s deployment places the model into its production workflow rather than limiting its use to a pilot or a single lending channel.
For housing-market participants, changes in credit-score standards can affect how mortgage applications are assessed and how lenders structure their underwriting processes. The development was reported by HousingWire.
