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Do all mortgage lenders get the same scores?

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foreverb
Valued Member
‎03-19-2013 02:56 PM
‎03-19-2013 02:56 PM

Do all mortgage lenders get the same scores?

My fico scores are TU=635 and EQ=658. I applied for a usda loan with a lender and she showed my TU as a 587. Would it make sense to attempt to apply with another lender? Will that decrease my score anymore?
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MovingForward_2012
Valued Contributor
‎03-19-2013 03:54 PM
‎03-19-2013 03:54 PM

Re: Do all mortgage lenders get the same scores?

Mortgage lenders typically use TU04 and what is provided by myfico is TU98. So it is likely you will get the same score from another lender, yes.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
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foreverb
Valued Member
‎03-19-2013 04:18 PM
‎03-19-2013 04:18 PM

Re: Do all mortgage lenders get the same scores?

Thank you!

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MovingForward_2012
Valued Contributor
‎03-19-2013 04:24 PM
‎03-19-2013 04:24 PM

Re: Do all mortgage lenders get the same scores?

Sure! :-)
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
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mebtba
New Visitor
New Visitor
‎04-27-2013 10:24 PM
‎04-27-2013 10:24 PM

Re: Do all mortgage lenders get the same scores?

Mortgage lenders put in specific and proprietary criteria when they pull your credit.  Hence different pulls, by different mortgage companies, may yield different numbers.....

Current EQ FICO 673 April 2013; Goal for 2013 - 740+
REVOLVING PORTFOLIO: Capital One - $1750 limit; Capital One Spark - $9000 limit; Prepaid credit card - $1000 limit; Utilization 1-3%

INSTALLMENT PORTFOLIO: Auto loan; Mortgage

Chapter 7 bankruptcy discharge Oct 2010
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