Rocket expands on VantageScore 4.0 pilot for agency, VA loans

Rocket Mortgage and Rocket Pro provided additional details this week on their rollout of The company declined to disclose specific pricing adjustments tied to the use of VantageScore 4.0, although Lovier said Rocket is using updated pricing frameworks consistent with investor guidelines.

“VantageScore 4.0 is a model that’s functionally independent from existing models,” Lovier said. “While we don’t publicly disclose specific pricing methodologies and adjustments for any of our products, we are working with updated pricing frameworks when it is used, consistent with investor guidelines.”

Rocket’s crosstown rival, United Wholesale Mortgage, “By leveraging both scoring models in tandem, we are giving our clients the most opportunity to show they qualify for a loan,” Lovier said.

Rocket also declined to share current VantageScore 4.0 loan volume figures, saying the pilot remains in its early stages. The company said it is still collecting data to “Any time there’s a major update to an existing standard — and in this case, one that’s been held for so long — there are bound to be lots of questions about real-world, practical impacts,” Lovier said.

Rocket’s rollout follows an April announcement from the FHFA