KCB Credit offers VantageScore® 4.0 for lenders interested in adding another credit scoring option to their mortgage workflow. This article explains pricing, account activation, and our recommended implementation.
Pricing
| Score option | Cost |
|---|---|
| VantageScore 4.0 only | $25 less per borrower than the corresponding FICO report, on both soft pulls and hard pulls |
| Both FICO and VantageScore 4.0 | The same price you currently pay for FICO only |
The $25 savings applies when ordering VantageScore 4.0 only.
Activate Your Account
To enable VantageScore 4.0 on your KCB Credit account, email setup@kcbcredit.com and request activation.
Activating this option does not automatically change your default score selection.
Recommended Setup: Keep FICO as Your Default
By default, KCB Credit credit pulls have FICO scores enabled. We recommend keeping this default while your loan origination system (LOS) and investors complete their VantageScore implementation.
Many LOS integrations do not currently provide an option to choose between FICO and VantageScore when ordering credit. Investor acceptance may also vary. Confirm compatibility before changing your ordering workflow.
Once your account is activated, KCB Credit will enable Use Cases in our web portal, allowing you to select VantageScore 4.0 on an order-by-order basis while keeping FICO as your standard default.
Ordering Both FICO and VantageScore 4.0
You may order both scoring models on the same credit report for the same price you currently pay for FICO only.
Before using a report containing both models with an automated underwriting system (AUS), contact your Fannie Mae and Freddie Mac representatives to confirm your workflow supports these reports and determine whether any account or system configuration is needed. Also confirm compatibility with your LOS provider and applicable investors.
Ordering both models does not mean both are used together in a single underwriting decision. Follow the applicable AUS and investor requirements for selecting the scoring model.
Important: Scores Cannot Be Added After the Pull
Choose your score option before submitting the credit order.
Once a report has been pulled with FICO only, VantageScore 4.0 only, or both models, KCB Credit cannot add another scoring model to that existing report.
For example:
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If you order FICO only and later need VantageScore 4.0, you must order a new credit report.
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If you order VantageScore 4.0 only and later need FICO, you must order a new credit report.
To activate VantageScore 4.0 or get assistance with your account setup, email setup@kcbcredit.com.