Announcement 2026-075 VantageScore® 4.0 Credit Scoring Model

VantageScore® 4.0 Credit Scoring Model

Newrez LLC "Newrez" Approved Correspondent Clients; Newrez is excited to announce the acceptance of VantageScore^® 4.0 effective Tuesday, September 15, 2026.

Eligibility Requirements:

Loans delivered to Newrez Correspondent using VantageScore^® 4.0 must comply with all applicable Agency guidelines and Newrez Correspondent eligibility requirements. Additionally, such loans must be eligible for purchase by Fannie Mae and Freddie Mac.

Eligible Loan Programs: 

·         Conventional Conforming Loans - Primary Residence Only

·         Conventional High Balance Loans - Primary Residence Only

Correspondent Responsibilities

Correspondents are responsible for ensuring the following requirements are met for all loans underwritten using VantageScore^® 4.0:

·         The lock confirmation and bid tape clearly identify the credit scoring model used for underwriting.

·         Automated Underwriting System (AUS) findings and all supporting credit documentation accurately reflect the credit scoring model used for underwriting.

·         A single credit scoring model is used consistently for all borrowers on the transaction. 

Ineligible Loan Programs

Classic FICO^® will continue to be required for:

·         Conventional Second Homes and Investment Properties

·         FHA loans

·         VA loans

·         USDA loans

·         Smart Series

·         Jumbo

·         Closed-end Seconds

·         Any loan program not approved for the use of VantageScore^® 4.0 under applicable Agency requirements

Correspondents must ensure that the credit scoring model selected for underwriting aligns with Agency eligibility requirements and is accurately documented throughout the loan file. Failure to meet these requirements may result in the loan being deemed ineligible for purchase by Newrez Correspondent.