Reply
Frequent Contributor
Hammer23
Posts: 428
Registered: ‎01-21-2012

How long does it take for a new mortgage to report to CBR

I closed on my mortgage on 7.18.2012 and it still is not reporting on my CBR. Anyone know how long it takes to hit the reports usually?

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700
Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: How long does it take for a new mortgage to report to CBR


Hammer23 wrote:

I closed on my mortgage on 7.18.2012 and it still is not reporting on my CBR. Anyone know how long it takes to hit the reports usually?


I closed on May 26th

 

Still not reporting.. takes months from my understandin...

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Regular Contributor
Quips
Posts: 157
Registered: ‎03-05-2012

Re: How long does it take for a new mortgage to report to CBR


Hammer23 wrote:

I closed on my mortgage on 7.18.2012 and it still is not reporting on my CBR. Anyone know how long it takes to hit the reports usually?


Usually a couple of months - I also closed on my refi in mid July and it hasn't reported yet. My first payment is due Sept 1 so figure they will report once the first statement closes - probably will see it on the CRs late Sept, early Oct

FICO: EQ 769, TU 762 , EX ???

Frequent Contributor
Hammer23
Posts: 428
Registered: ‎01-21-2012

Re: How long does it take for a new mortgage to report to CBR

Closed on my mortgage 7.19.2012 and it just hit my credit reports TODAY! 

 

Will wait for TU to update (they are a bit slow) then I will check my Fico scores! Heres to hoping for a HUGE lift! 

WF Home Projects Visa $8500 / Towpath CU Visa $7000 / Chase Freedom Visa $5500 / Cap 1 QS Visa Sig $5000 / Barclaycard Ring MC $5000 / GE Lowes $5000 / Citi Best Buy MC $4250 / Barclaycard Rewards Visa $4000 / BFG CU Visa $3500 / Citi Sears$3000 / WF Visa $2000 / GE Walmart $1900 / GE Care Credit $1900 / GE Amazon $1400 / Cap 1 Kohls $1000 / GE Old Navy $800 / Webbank Fingerhut $700
Valued Contributor
beb86
Posts: 1,117
Registered: ‎10-31-2011

Re: How long does it take for a new mortgage to report to CBR

wow thats strange mine only took a month but keep in mind I closed on 4/30 and didnt have my first payment until 6/1

ccpics2.jpg
New Member
stevedaytona
Posts: 2
Registered: ‎02-01-2010

Re: How long does it take for a new mortgage to report to CBR

I closed on my refinance on 8/1/12 and still no update.  I emailed my lender last month and was told they would start reporting November.

 

So hopefully sometime this month - I am guessing after the grace period has passed? (15 days in my case).

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+