National MI accepts VantageScore 4.0 for DU Approve/Eligible and LPA Accept/Eligible loans

Applies to: Loans insured by National MI that use VantageScore 4.0 and are DU Approve/Eligible or LPA Accept/Eligible.

Investor

National mi

Programs

Conventional, DU Approve or LPA Accept only

Affected areas

Recommendation; Score; Credit score model; EligibilityGuide Section 2.3.1

Affected documents

Credit score; AUS findings

Applicability confidence

Verified: every row above is supported by the source text

Each change applies when all the loan-impact conditions above are true.

Also affected: Sections 2.3.1, 2.3.2, 2.3.3.

What to review: No change is mandatory. National MI now accepts VantageScore 4.0 immediately, so lenders may use it for National MI-insured loans that are DU Approve/Eligible or LPA Accept/Eligible and meet GSE requirements and the VS4 score minimums in the updated TrueGuide (sections 2.3.1, 2.3.2, 2.3.3).

QC implications

• For National MI loans that use VantageScore 4.0, check that the loan is DU Approve/Eligible or LPA Accept/Eligible.
• For National MI loans that use VantageScore 4.0, check that the VS4 score minimums in the TrueGuide are met.
• Check that the credit score model and AUS findings in the file support the insurability decision.