✉news BusinessPersonal Finance first seen 9 h ago, last 8 h ago, peak #30
Rocket Mortgage Adopts VantageScore on All Eligible Loans
Original: 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.
Why now: A major US mortgage lender breaking from industry convention on credit scoring has direct implications for borrowers and the credit-scoring market.
Rocket MortgageVantageScoreFICO
Rank over time, top of the chart is #1. 2 snapshots from 9 h ago to 8 h ago.
Evidence
- Rocket Mortgage Becomes First Home Lender to Use VantageScore as its Preferred Scoring Model on All Eligible Loans · Yahoo Finance
API: https://socialmediatrends-api.osmike.com/v1/trends/291301