LO says scores aren't accurate

[MichiganMommy]

My LO said that the scores I am seeing on MyFico are not accurate and that the scores he will pull will likely be 20+ point different.

Is he correct?

[Dgimple]

My experience with the LO I just app'd with at a local mortgage company....

Exp and EQ were exactly the same, TU was higher by 3 points when he pulled it...

[Anonymous]

Well if he is pulling a different FICO score then yes he is correct.

This site uses "Classic" FICO's not the new '08 formula, and within "classic" FICO's there are several models. In addition there is a less often used NextGen FICO for each bureau.

This site sells:

TU EMPIRICA 98 (for example there is an 04 version that more lenders use)

EX Fair Isaax Risk Model Version 2

EQ BEACON 5.0

Still the behaviors mentioned on here that help raise the scores sold on this site will help raise your other scores as well.

[MichiganMommy]

Thanks guys. Could there be as much as a 20 point difference. I must be clear that he was indicating that the scores on this site are likely 20 points+ higher than the ones he will get. His point was that I should not pay attention to the scores I see here....

[Anonymous]

I am not familiar with NextGen scores or other models, but from people who have had a lender tell them their TU 04 score, it definitely has not been 20 points lower on average. I would even ask your officer - what FICO version are you pulling?

[Anonymous]

MICHIGAN MOMMY~ DH AND I ARE IN THE MARKET FOR A HOME AND OUR LO PULLED OUR CREDIT REPORTS AND THEY WERE THE EXACT SAME SCORES I PURCHASED FROM MYFICO. 

[MichiganMommy]

THANK YOU!!!!!!!!!!!!!

Once I give my LO the okay to move forward, I will post back how close our scores were.....

[Anonymous]

lol, tell him your scores first   and look at his face when he gives you the same scores.....lol

i am eager to see what the simularities are.

[renaboo01]

I just applied for a FHA loan with Wells. I told the LO my scores before he ran my credit and he was amazed that I all three were right on. So most lenders are still using what we pull here at MyFico. Good luck!!!

Rena

[DallasLoanGuy]

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MichiganMommy wrote:

My LO said that the scores I am seeing on MyFico are not accurate and that the scores he will pull will likely be 20+ point different.

Is he correct?

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sounds like the LO has a magic sense that we all wish we could have.

pffft.....

yes, they may be 20+ different. and they MAY be exactly the same.