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Mortgage Migration Playbook
VantageScore Migration Playbook outlines how to implement VantageScore 4.0 for underwriting mortgages.
Mortgage FAQs
Frequently Asked Questions about VantageScore 4.0 for Mortgage.
Digital Analytics Tools
Lenders gain timely data insights into the predictive and inclusionary power of VantageScore via a suite of free access tools: CreditGauge™, Inclusion360®, RiskRatio™ and MarketGain™.
OGMA Risk and Analytic Study
VantageScore 4.0 for Mortgage Pre-screening and Pre-approval
Deep Future Analytics Study
VantageScore 4.0 and Classic FICO Comparison
VantageScore Accessible Mortgage Lending
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External Resources
July 25, 2025
VantageScore 4.0 Brings New Predictive Power and More Data to Fannie and Freddie Backed Mortgages: VantageScore® CEO on Bloomberg TV
July 18, 2025
Modernizing the Mortgage Credit Scoring System is Long Overdue, VantageScore CEO tells CNBC
July 11, 2025
VantageScore on Schwab Network: VantageScore 4.0 Is Huge Opportunity for Homebuyers
Thanks to a landmark decision by the Federal Housing Finance Agency (FHFA), mortgage lenders that sell loans to either Fannie Mae or Freddie Mac (also known as the GSEs) will be required to use the VantageScore 4.0 model.
The FHFA's decision opens the door to millions more qualified applicants without lowering credit risk standards.
The result of the decision is a mortgage lending industry that serves consumers through the advancement of financial inclusion and supports mortgage lenders seeking to grow their portfolios.
What does it mean for the mortgage industry?
In 2024, several government-sponsored enterprises (GSEs) adopted VantageScore 4.0, including:
BMO Bank is a purpose-driven organization that is focused on leveling the playing field in underserved communities and creating the conditions for inclusive economic growth. VantageScore has provided us with the opportunity to provide fair and accurate credit scores to a broader population, and we look forward to leveraging VantageScore for mortgage lending in the future to help further close the housing gap.
Mark Shulman, Head of Consumer Lending, BMO Bank
We believe in driving financial inclusion and creating more equitable access to credit in the communities we serve. We've been using VantageScore 4.0 for our auto loans and credit cards and that's provided us with a new pathway to provide fair and accurate credit scores to a broader population, creating opportunities for us to lend credit safely and soundly to consumers historically left behind. We look forward to leveraging VantageScore 4.0 for mortgage lending in the future.
Richard Wada, Chief Lending Officer at Patelco Credit Union
Approximately 33 million more Americans can be scored by our models.
21% of millennials have "thin files," making it difficult for lenders to see them as strong borrowers and leading to more young consumers not able to get the credit they need.
Demographic Breakdown
Breakdown of Newly Scorable Consumers
More Potential Customers
Strong Risk Management
VantageScore is at the cutting edge of predictive power thanks in part to its highly sophisticated model architecture and its innovative use of data. The VantageScore 4.0 model features the use of trended credit data and machine learning to drive predictive performance. VantageScore provides more precise decisioning enabling more mortgage application approvals while limiting defaults.
Fannie Mae, Freddie Mac and many others have conducted independent analysis on the published data on VantageScore 4.0 and the legacy models. They all found that VantageScore 4.0 was more predictive and particularly better at identifying those who would default on their mortgages at the lower score ranges (which is where most defaults occur). The more accurate the model, the less risk of defaults.
Close The Homeownership Gap
More Consumer Friendly
More Potential Customers
Strong Risk Management
VantageScore is at the cutting edge of predictive power thanks in part to its highly sophisticated model architecture and its innovative use of data. The VantageScore 4.0 model features the use of trended credit data and machine learning to drive predictive performance. VantageScore provides more precise decisioning enabling more mortgage application approvals while limiting defaults.
Fannie Mae, Freddie Mac and many others have conducted independent analysis on the published data on VantageScore 4.0 and the legacy models. They all found that VantageScore 4.0 was more predictive and particularly better at identifying those who would default on their mortgages at the lower score ranges (which is where most defaults occur). The more accurate the model, the less risk of defaults.
Close The Homeownership Gap
More Consumer Friendly
Portfolio Management
VantageScore credit scores are effective tools for monitoring the ongoing risk of mortgage portfolios.
Mortgage Backed Security Analysis
The VantageScore model is often used in loan-level valuation analyses for previously issued residential mortgage-backed securities.