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Mortgage not reporting on Credit Report. Good/Bad?

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StriderM99
New Contributor

Mortgage not reporting on Credit Report. Good/Bad?

...or indifferent?

 

My mortgage was sold by Bank of America to NationStar a couple of months ago.

 

I just pulled my credit report for the first time in a while, and noticed that I technically have no mortgage reporting right now.

 

It'll show my Bank of America Note as "Paid, balance $0) Nothing from NationStar just yet.

 

I understand that it can take a while for a new Servicer to begin reporting to the credit beurues, so I'm not worried about it "missing." I know it'll be back on my reports in a matter of time.

 

However, I don't know what my credit scores were before it was sold....

 

Should I expect a drop/rise in score once the mortgage starts to be reported again? Is my current score a temporary increase/decrease from my actual score(s)?

 

 

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Mortgage not reporting on Credit Report. Good/Bad?

It can take a few months for the new mortgage to report. You may or may not see a slight dip initially, but it will boost your score in the long run.

Message 2 of 3
DallasLoanGuy
Super Contributor

Re: Mortgage not reporting on Credit Report. Good/Bad?

agree with above. that has been my experience

 

Retired Lender
Message 3 of 3
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