Why Does The Mortgage Company See A Different Score
When you apply for a mortgage, your mortgage broker will pull a tri merged credit
report containing your reports and credit scores from Equifax, Trans Union, and
Experian.
The scores provided on these...
More
Why Does The Mortgage Company See A Different Score
When you apply for a mortgage, your mortgage broker will pull a tri merged credit
report containing your reports and credit scores from Equifax, Trans Union, and
Experian.
The scores provided on these reports are FICO scores.
Many times a
consumer will think they have higher scores then what their mortgage banker pulls.
Why is this? A lot of people take advantage of offers that they see online in
advertisements or in their email inbox.
These sites claim to give you your credit
scores, but they are not always accurate and can sometimes differ by up to 100
points.
This is due to one simple fact: the scores that these credit reporting and
monitoring websites are providing are not actual FICO scores.
Instead, they are
variations, and other scoring models.
In some situations the site will create their
own credit scoring model and issue their own score.
This can be very confusing, as
one would think that all credit scores were creat
Less