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Mortgage Tranferred to New Lender

Regular Contributor

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.
Message 1 of 4
3 REPLIES
Super Contributor

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.
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 4
Regular Contributor

Re: Mortgage Tranferred to New Lender

Thanks Shane!!!
 
Octavia.
Message 3 of 4
Frequent Contributor

Re: Mortgage Tranferred to New Lender

Just so you know it took 3 months for my new mortgage servicer  to start reporting.
Hang on.
Message 4 of 4