Announcement 2026-078 VantageScore® 4.0 Credit Scoring Model – VA Products

VantageScore® 4.0 Credit Scoring Model – VA Products

Newrez LLC "Newrez" Approved Correspondent Clients, Newrez is excited to announce the acceptance of VantageScore^® 4.0 on VA loan transactions effective Monday, September 21, 2026.

Eligibility Requirements:

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

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

·         USDA loans

·         Smart Series

·         Jumbo

·         Closed-end Seconds

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

Correspondents must ensure that the credit scoring model selected for underwriting aligns with 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.