Bulk Bid VantageScore 4.0 Acceptance and Documentation Updates

Applies to: Conforming bulk bids submitted solely with VantageScore 4.0, with documentation flexibilities applying to all Fannie Mae and Freddie Mac deliveries.

Addressed to

Pennymac correspondent sellersFrom the publisher, not quoted from the text

Investor

PennymacFrom the publisher, not quoted from the text

Programs

Conventional

Affected areas

Report; Data

Affected documents

Bulk bid tape; tri-merge credit report

Exceptions

Government loan programs and non-agency products, which still mandate Classic FICO scores.

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 to review: Review bulk bid tape and API data entry procedures immediately to ensure the Classic FICO field is populated with zero when bidding solely with VantageScore 4.0, followed by credit documentation requirements for conforming files.

QC implications

• Verify that bulk bid tape and API submissions quoting exclusively with VantageScore 4.0 reflect zero in the Classic FICO data field.
• Confirm that government and non-agency loan files continue to include mandated Classic FICO credit reports despite the documentation relief applied to conforming loans.