Multiple Hard Inquiries - Quicken Loans

[ficobgtx]

I had been wondering why I had 7 inquiries on my TU report - and now know why. Last year, I re'fied my primary home and an investment rental property with Quicken Loans. I see that they put 4 HP inquiries on my TU report, 1 on 1/16/2013 and 3 on 1/17/2013. I expected 2, and thought maybe they would put a total of 4 - 2 at initial, and then 2 closer to closing. But they are all right together.

Were they right in doing that? I really didn't concern myself enough to pull a credit report (just saw I had 7 on Credit Karma and wondered why). Now I'm looking at getting a loan for another investment property and wondered if that would even make a difference. They are all over 1 year now, and my TU FICO is very good.

[pizzadude]

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@ficobgtx wrote:

I had been wondering why I had 7 inquiries on my TU report - and now know why. Last year, I re'fied my primary home and an investment rental property with Quicken Loans. I see that they put 4 HP inquiries on my TU report, 1 on 1/16/2013 and 3 on 1/17/2013. I expected 2, and thought maybe they would put a total of 4 - 2 at initial, and then 2 closer to closing. But they are all right together.

Were they right in doing that? I really didn't concern myself enough to pull a credit report (just saw I had 7 on Credit Karma and wondered why). Now I'm looking at getting a loan for another investment property and wondered if that would even make a difference. They are all over 1 year now, and my TU FICO is very good.

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No idea why you'd have three inquiries on the same day, that's unusual, but maybe could be explained due to the fact that you were refinancing two properties?

However the good news is that it's no longer affecting your FICO score, since they're over 1 year old.