VantageScore's new credit score model has been accepted for mortgage use by government-sponsored entities, driving broader adoption by mortgage lenders like Rocket Mortgage and United Wholesale Mortgage. This will enable an estimated $1 trillion in incremental mortgages over the next 12 months and save lenders about $1 billion in costs, materially benefiting the mortgage lenders using the model.
VantageScore's new credit score model has been accepted for mortgage use by government-sponsored entities, driving broader adoption by mortgage lenders like Rocket Mortgage and United Wholesale Mortgage. This will enable an estimated $1 trillion in incremental mortgages over the next 12 months and save lenders about $1 billion in costs, materially benefiting the mortgage lenders using the model.