The Federal Home Loan Bank of Topeka Now Accepts VantageScore 4.0 for Mortgages
For best results when printing this announcement, please click on link below: The Federal Home Loan Bank of Topeka Now Accepts VantageScore 4.0 for Mortgages Member Banks Can Use VantageScore 4.0 to Originate Loans for Nearly Two Million New, Creditworthy Borrowers Members of the Federal Home Loan Bank of Topeka (FHLBank Topeka) can now pledge mortgage collateral using VantageScore 4.0 credit scores, effective immediately. This enables the 637 member banks and institutions of FHLBank Topeka to use the VantageScore 4.0 model to score an additional 1.9 million consumers in the region. This press release features multimedia. View the full release here: “The modernization of mortgage underwriting is here. VantageScore 4.0 adoption is already improving access to housing finance for creditworthy consumers,” said Anthony Hutchinson, EVP and Head of Public Affairs at VantageScore. “The Federal Home Loan Bank of Topeka’s decision to accept VantageScore 4.0 for mortgage collateral will offer lenders industry-leading, cost-effective innovation to expand homeownership possibilities in the heart of our country.” FHLBank Topeka joins other government-sponsored mortgage entities that
0 credit scores, effective immediately. 9 million consumers in the region. This press release features multimedia. View the full release here: “The modernization of mortgage underwriting is here.
0 adoption is already improving access to housing finance for creditworthy consumers,” said Anthony Hutchinson, EVP and Head of Public Affairs at VantageScore. 0 had begun for mortgage loans originated under Fannie Mae and Freddie Mac. 0 credit score model will result in approximately 33 million more consumers nationwide having access to a credit score that may help them obtain a mortgage. 9 million consumers within the FHLB Topeka footprint, which comprises Colorado, Kansas, Nebraska and Oklahoma.
0 for mortgages, visit our Mortgage Resource Center. , and is known for the industry’s most innovative, predictive and inclusive credit score models. In 2024, usage of VantageScore increased by 55% to hit 42 billion credit scores. S.
banks, use VantageScore credit scores and digital tools to provide consumer credit products or generate greater insights into consumer behavior. 0 credit scoring model scores 33 million more people than traditional models. 0 for Fannie Mae and Freddie Mac guaranteed mortgages, the company is also ushering in a new era for mortgage lending. VantageScore is an independent joint venture company owned by Equifax, Experian and TransUnion.
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