✉news BusinessRetail first seen 13 h ago, last 5 h ago, peak #15
Pennymac Adopts VantageScore Across All Lending Channels
Original: Pennymac Takes VantageScore Across Retail, Broker, And Correspondent
Pennymac has expanded its use of VantageScore credit scores across its retail, broker, and correspondent lending channels. The move makes the non-traditional credit score available throughout the mortgage giant's origination business, a significant endorsement for VantageScore's push into the home lending market. Industry publication National Mortgage Professional reported the announcement, which signals growing acceptance of alternative credit scoring models among major US mortgage lenders.
Why now: A major mortgage lender's broad adoption of VantageScore marks a notable shift in how creditworthiness is assessed in US home lending.
Evidence
- Pennymac Takes VantageScore Across Retail, Broker, And Correspondent · National Mortgage Professional
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