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PenFed Scoring model?

Super Contributor

PenFed Scoring model?

Over a year ago I remember getting a message for a denial from Penfed sating my score was 846 on a range of 150-950

 

I know it's EQ. Is it an internal version of their EQ? Risk Score?




1 REPLY
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Regular Contributor

Re: PenFed Scoring model?

PenFed uses a Pinnacle 2.0 scoring model by Equifax, same as Alliant credit union, this formula was designed to help lenders have an understanding of what risk the customer may have defaulting on a loan with in the next 24 months.

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