USBank HELOC ... Need Feedback/Help Regarding CR Pull(s) Process

[Anonymous]

I applied for a HELOC via USBank.  I received denial letters in the mail about one week later. Then I received overnight mail from USBank sent from a Senior Mortgage Officer (not located at my branch but in another city). I was advised to disregard the denial letters because they are automatic. He ran my report and score (at the time 625) , advised getting a appraisal, emailing some paperwork and then app would be approved based upon some additional verification AND as long as my score didnt change.

Well those who have seen my post realize I dont have the best of luck. Two days later a recieve a scorewatch alert my score has changed and decreased by 41 pts. A medical collection has appeared from NCO that I truly knew nothing about and they have not sent any documentation.

Now my score is lower so I am obviously concerned about my HELOC app.  If anyone has recieved a HELOC from USBank did they check your score any other time other than the initial application request? I called NCO to send the info (what a hot mess that was) and advised if my debt I would pay. I dont want this rediculous medical collection for $65 ruin my chance at getting my HELOC.  Any help is appreciated.

[Anonymous]

Not sure if my question doesnt make sense, or if no one has any experience with US Bank HELOC applications. Any help would be greatly appreciated.

[ShanetheMortgageMan]

I understand it but don't know what they check, I'd assume it's just the initial inquiry and then if you don't close within a certain amount of time they'd recheck it - but not sure. 

Message Edited by ShanetheMortgageMan on 04-23-2009 08:50 PM