How VantageScore 4.0 is expanding opportunity in wholesale lending
UWM is piloting VantageScore 4.0 for brokers as an additional credit score option. The lender says some borrowers can meet its 620 minimum and, in select cases, reduce LLPAs and cash to close, including savings above $4,000.
UWM is piloting VantageScore 4.0 for brokers as an additional credit score option. The lender says some borrowers can meet its 620 minimum and, in select cases, reduce LLPAs and cash to close, including savings above $4,000.
BELLINGS Intelligence Score: 22
Why it matters
The introduction of VantageScore 4.0 as an additional credit scoring option in wholesale lending by UWM represents a notable but incremental development that could modestly expand credit access and reduce costs for some borrowers, though it is primarily a business innovation with limited immediate market-wide impact.
Sources
HousingWire
How VantageScore 4.0 is expanding opportunity in wholesale lending
UWM is piloting VantageScore 4.0 for brokers as an additional credit score option. The lender says some borrowers can meet its 620 minimum and, in select cases, reduce LLPAs and cash to close, including savings above $4,000.