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Regular Contributor
octavia
Posts: 125
Registered: ‎09-27-2007

Mortgage Tranferred to New Lender

My mortgage was transferred to a new lender in mid-Oct.  The new lender hasn't reported to the CRAs yet.
 
How much will my score increase/decrease when they start reporting?
 
TIA.
Octavia.
Ficos: August 2009 EQ 713
July 2008 EQ 696, EX 726, TU 710
Ficos: April 2008, EQ 696, EX 721, TU 710
Ficos: January 2008, EQ 691, EX 715, TU 663
Super Contributor
ShanetheMortgageMan
Posts: 7,760
Registered: ‎09-28-2007

Re: Mortgage Tranferred to New Lender

Depending on the depth of your credit, it could have little impact or could drop your scores for the first 4-6 months of reporting.
Regular Contributor
octavia
Posts: 125
Registered: ‎09-27-2007

Re: Mortgage Tranferred to New Lender

Thanks Shane!!!
 
Octavia.
Ficos: August 2009 EQ 713
July 2008 EQ 696, EX 726, TU 710
Ficos: April 2008, EQ 696, EX 721, TU 710
Ficos: January 2008, EQ 691, EX 715, TU 663
Frequent Contributor
zman
Posts: 264
Registered: ‎11-08-2007

Re: Mortgage Tranferred to New Lender

Just so you know it took 3 months for my new mortgage servicer  to start reporting.
Hang on.

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