Credit Card Center Advertiser Disclosure†
09-02-2012 11:05 AM
I have my mortgage through Ocwen. They have a "rewards" program where they will give you your credit score on a monthly basis. Any insight on how accurate the score might be, and where they are pulling it from? As far as I know, they report to all three bureaus, but I'm not sure how they get the score or where they get it from.
09-02-2012 01:43 PM
I looked around and didn't find too much. I did find a mention of a settlement with Affinion/Trilegiant with a mention of Ocwen. Affinion/Trilegiant provides CMS services like PrivacyGuard and IdentityGuard and they provide a monthly credit score update. It isn't a FICO though.
Not saying this is it. Do you know the name of the service?
09-02-2012 03:46 PM
Without some more information, it will be hard to tell. One thing you can do is check your EQ FICO here, and compare it to the score you are getting from your lender. If it is the same, that would be some indication that they are giving you a FICO score. TU comparison likely won't help because your lender likely isn't using TU98. You could also check free scores at places like Credit Karma. If your TU score your lender is giving you matches the Transrisk or Vantage score you are getting via Credit Karma, it may be that you are getting a Vantage or Transrisk score.
09-02-2012 04:03 PM
I would also check your monthly billing statement and make sure they aren't charging you for this. If it's Privacyguard or something similar, there is usually a $14.95 charge that, if you tried a free trial, or something similar, may have been added to your monthly mortgage payment without you realizing it. I've seen it happen. If that's the case, your mortgage company was just following "orders" from the company who's providing the service, but they may be able to cancel it for you. A quick call to their customer service can confirm that.
09-02-2012 04:41 PM
I haven't seen any charges for the service. It's a courtesy that they offer. As for the type of service, there aren't any specifics. The score is listed at 649 and it's provided every quarter. This was the score as of 8/13. The only details I can find is that they provide the information based on the three credit bureaus.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.