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Mortgage Inquiries Question

Contributor

Mortgage Inquiries Question

Before we applied for our mortgage, I only had 1 inquirie on there. After applying, the same mortgage company ran us 3 times, so now I am wondering if they will all count as one being from the same company/timeframe we were trying to get a mortgage, or will it always show 3 inquiries?

Message 1 of 6
5 REPLIES
Super Contributor

Re: Mortgage Inquiries Question

Is it 3 inquiries on each bureau, or 1 inquiry on each bureau and you are just seeing it listed 3 times (1 on each one)?   It'd be very odd for a mortgage company to check your credit 3 separate times unless it spanned over a very long period of time (6+ months).

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 2 of 6
Contributor

Re: Mortgage Inquiries Question

3 times on each bureau over a 30 day period. They pulled when we started, after a rescore and the day before we closed. It shows 3 times on 3 different dates.

I was hoping they will all combine, so I wouldn't have a lot of inquiries.

Message 3 of 6
Super Contributor

Re: Mortgage Inquiries Question

Well those are all legit inquiries then.  However since they were all within a 30 day period it should just be counted as one when it comes to impacting your score.

Mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime) since 2002, based in Irvine, CA and lending in all 50 states

Information that is needed to determine if you qualify for a mortgage

Message 4 of 6
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Contributor

Re: Mortgage Inquiries Question

Thank you Shane. That's what I was hoping for. It just looked like a lot when I was checking my credit report.

Message 5 of 6
Super Contributor

Re: Mortgage Inquiries Question


ShanetheMortgageMan wrote:

Well those are all legit inquiries then.  However since they were all within a 30 day period it should just be counted as one when it comes to impacting your score.


yep

 

Retired Lender
Message 6 of 6