AWACSMortgage compliance intelligence from Flightline

Pennymac Correspondent · Announcement 26-117 · Published

VantageScore 4.0 Eligibility for GSE Transactions

Pennymac allows VantageScore 4.0 for qualifying conventional agency transactions. Loan deliveries utilizing this option must provide tri-merge credit reports containing both classic FICO and VantageScore 4.0 results.

Review recommendedEffective Oct 2, 2026All checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: Conventional agency mortgages delivered under automated underwriting system approvals supporting modern scoring models.

Scope differs by change; see each change below.

Addressed to
Pennymac correspondent sellersFrom the publisher, not quoted from the text
Investor
PennymacFrom the publisher, not quoted from the text
Programs
DU or Lpa only
Affected areas
Report; Credit score model
Affected documents
Tri-merge credit report
Effective
Oct 2, 2026
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. Pennymac Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement
RequirementPreviouslyNow
Eligible scoring model for conventional agency deliveriesRelaxedNot statedLenders may submit and deliver qualifying conventional loans using the VantageScore 4.0 scoring model.
Applies when: Score model is vantagescore_4_0

What to do

AWACS interpretation · not source language

What to review: Review the permitted use of VantageScore 4.0 on qualifying conventional agency transactions along with the requirement to provide tri-merge credit reports reflecting both classic FICO and VantageScore 4.0 scores.

QC implications

  • Verify that delivered conventional agency loans using VantageScore 4.0 include tri-merge credit reports containing both classic FICO and VantageScore 4.0 scores.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed

    Anything marked required is backed by the requirement language and dates in the source.

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

    The record follows the AWACS format and uses its standard labels.