Why are my mortgage credit scores so different than myfico.com????

[itzateach]

Here is what my husbands' and mine mortgage report says and the bold is what myfico.com says:

(the first 3 are his, the last 3 are mine)

2
EQUIFAX/FACTA BEACON 5.0   658   631
00040 - DEROGATORY PUBLIC RECORD OR COLLECTION FILED
00010 - PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR
OTHER REVOLVING ACCOUNTS
00014 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
00013 - TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
FA - NUMBER OF INQUIRIES ADVERSELY AFFECTED THE SCORE, BUT NOT SIGNIFICANTLY

4
TRANSUNION/FICO CLASSIC (04) 644  622
040 - DEROGATORY PUBLIC RECORD OR COLLECTION FILED
010 - PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR OTHER
REVOLVING ACCOUNTS
013 - TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
020 - LENGTH OF TIME SINCE DEROGATORY PUBLIC RECORD OR COLLECTION IS TOO SHORT
FA - INQUIRIES IMPACTED THE CREDIT SCORE

5
EXPERIAN/FAIR, ISAAC (VER. 2) 686  637
40 - DEROGATORY PUBLIC RECORD OR COLLECTION FILED
10 - PROPORTION OF BALANCE TO HIGH CREDIT ON BANK REVOLVING OR ALL REVOLVING ACCOUNTS
14 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
08 - TOO MANY INQUIRIES LAST 12 MONTHS

1
EQUIFAX/FACTA BEACON 5.0 621 625
00038 - SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED
00010 - PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR
OTHER REVOLVING ACCOUNTS
00018 - NUMBER OF ACCOUNTS WITH DELINQUENCY
00014 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
FA - NUMBER OF INQUIRIES ADVERSELY AFFECTED THE SCORE, BUT NOT SIGNIFICANTLY

3
TRANSUNION/FICO CLASSIC (04) 654  644
038 - SERIOUS DELINQUENCY, AND PUBLIC RECORD OR COLLECTION FILED
010 - PROPORTION OF BALANCES TO CREDIT LIMITS IS TOO HIGH ON BANK REVOLVING OR OTHER
REVOLVING ACCOUNTS
013 - TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN
008 - TOO MANY INQUIRIES LAST 12 MONTHS
FA - INQUIRIES IMPACTED THE CREDIT SCORE

6
EXPERIAN/FAIR, ISAAC (VER. 2) 625  644
38 - SERIOUS DELINQUENCY AND PUBLIC RECORD OR COLLECTION FILED
10 - PROPORTION OF BALANCE TO HIGH CREDIT ON BANK REVOLVING OR ALL REVOLVING ACCOUNTS
14 - LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
08 - TOO MANY INQUIRIES LAST 12 MONTHS

Can someone with a mortgage background explain?

Thanks!

Message Edited by itzateach on 09-29-2008 07:33 PM

Message Edited by itzateach on 09-29-2008 07:33 PM

[Anonymous]

The TU version is different from what you purchase at myFICO 04 from your lender and the 98 version from myFICO.

The other 2 FICO versions are the same. were these pulled the same day?

[Anonymous]

FYI-

EQUIFAX - BEACON Score Codes
00039 - serious delinquency
00038 - serious delinquency, and derogatory public record or collection filed
00034 - amount owed on delinquent accounts
00033 - proportion of loan balances to loan amounts is too high
00032 - lack of recent information loan information
00030 - time since most recent account opening is too short
00024 - no recent revolving balances
00023 - number of bank or national revolving accounts with balances
00020 - length of time since derogatory public record or collection is too short
00019 - too few accounts currently paid as agreed
00018 - number of accounts with delinquency
00016 - lack of recent revolving account information
00015 - lack of recent bank revolving information
00014 - length of time accounts have been established
00013 - time since delinquency is too recent or unknown
00012 - length of time revolving accounts have been established
00011 - amount owed on revolving account is too high
00010 - proportion of balances to credit limits is too high on bank revolving or other revolving accounts
00009 - too many accounts recently opened
00008 - too many inquiries last 12 months
00006 - too many consumer finance company accounts
00005 - too many accounts with balances
00002 - level of delinquency on accounts
00001 - amount owed on accounts is too high
O - beacon not available, no recently reported account information
FA - number of inquiries adversely affected the score, but not significantly

TRANSUNION - EMPIRICA Score Codes
040 - derogatory public record or collection filed
039 - serious delinquency
038 - serious delinquency, and public record or collection filed
030 - time since most recent account opening is too short
029 - no recent bankcard balances
028 - number of established accounts
027 - too few accounts currently paid as agreed
024 - no recent revolving balances
021 - amount past due on accounts
020 - length of time since derogatory public record or collection is too short
018 - number of accounts with delinquency
017 - no recent non-mortgage balance information
016 - lack of recent revolving account information
015 - lack of recent bank revolving information
014 - length of time accounts have been established
013 - time since delinquency is too recent or unknown
012 - length of time revolving accounts have been established
010 - proportion of balances to credit limits is too high on bank revolving or other revolving accounts
009 - too many accounts recently opened
008 - too many inquiries last 12 months
006 - too many consumer finance company accounts
005 - too many accounts with balances
003 - proportion of loan balances to loan amounts is too high
002 - level of delinquency on accounts
001 - amount owed on accounts too high
- file not scored because subject does not have sufficient credit
FA - in addition to the factors listed above, the number of inquiries on the consumer's credit file has adversely affected the credit score

EXPERIAN - FAIR ISAAC Score Codes
40 - derogatory public record or collection field
39 - serious delinquency
38 - serious delinquency and public record or collection filed
33 - proportion of current loan balance to original loan amount
32 - no recent installment loan information
24 - lack of recently reported balances on revolving/open accounts
21 - amount past due to accounts
20 - length of time since legal item filed or collection item reported
18 - number of accounts delinquent
16 - insufficient or lack of revolving account information
15 - insufficient or lack of bank revolving account information
14 - length of time accounts have been established
13 - length of time (or unknown time) since account delinquent
12 - length of revolving account history
10 - proportion of balance to high credit on bank revolving or all revolving accounts
09 - number of accounts opened within the last 12 months
08 - number of recent inquiries
06 - number of finance company accounts
05 - number of accounts with balances
02 - delinquency reported on accounts
01 - current balances on accounts
9002 - the profile report does not contain any tradeline which satisfies both of the following: status date within the last six (6) months or a balance within the last six (6) months. does not contain disputed information
- risk score not calculated due to lack of credit history

[itzateach]

Yes, they were all pulled at the same time, same day, etc. I guess diff versions could explain it and maybe mortgage enhanced??? I will try to find out.

[ShanetheMortgageMan]

the myFICO.com reports should be mortgage enhanced from my recollection.  Not every credit vendor (the company your loan officer pulled your credit report with) has updated information every day; once I pulled a clients credit report and it had "old" scores (scores from a couple days in the past that were confirmed with older myFICO.com reports), and a couple days later finally the credit vendor had more up to date info.