@Anonymous wrote:
We are looking into a HELOC at our credit union. The branch manager told me they only pull TU for HELOCS. I was kind of surprised. I thought all banks pulled a tri merge for mortgage loans. I know they only pulled our TU for our auto loan, but wondering if he might be mistaken on what they pull for the HELOC?
The standard tri-merge scores are pulled for loans that will be sold to the GSEs (required) or otherwise bundled and transferred (not required, but 99.9% will).
If they are keeping the loan in-house (common for HELOCs, less common for HELs or 1st mortgages), they are free to pull whatever they want in terms of CRA and score.
The last HELOC I opened was just a single EX pull (still "mortgage FICO", EXv2 score).
EQ8:850 TU8:850 EX8:850
EQ9:847 TU9:847 EX9:839
EQ5:797 TU4:807 EX2:813 - 2021-06-06
