Mortgage Loans

[trihard]

I purchased my equifax and transunion score here and my experian score from experian. My top two scores were through myfico. However, when I had my credit pulled for a mortgage the middle score they got was 17 points lower than the scores here. The lender was unable to tell me where they get their score from. I was under the impression that myfico was the score that lenders use. Was buying this product a waste of $$ or should I try another lender other than my credit union?

[GregB]

The EQ score would have matched EXACTLY the score here.

The TU score would be similar to the score here. They would have used TU FICO 04 and the one here is TU FICO 98.

The EX score you bought from EX is not used by ANY lender for anything - completely useless.

So then you just need to know if your middle score was TU or EX.

[MovingForward_2012]

+1, buying your scores here was not a waste of money. My middle score was EQ fico and it matched exactly with what I pulled here. Lenders use a different TU fico than what was provided here but the two should be close. My TU fico pulled here was 16 pts lower than what the lender pulled...not complaining. :-)

[whipster]

Get a copy of whatever your lender pulled. Your LO should send it right over. 

[MovingForward_2012]

+1, and please post scores lender vs myfico.

[JM-AM]

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whipster wrote:

Get a copy of whatever your lender pulled. Your LO should send it right over. 

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There is no requirement for a broker or LO to give you a copy.

Most LO's and Brokers pull a Tri-Merge report, which includes all 3 Credit Bureaus FICO model scores and reports.

The Tri-Merge report is pulled from a third party which pulls the reports from the Credit Bureaus.

[trihard]

Wow, this all so overwhelming! So is it best to buy TU score from here and TU to get a better idea of what the lenders will see?

[trihard]

Wow, this so overwhelming! So should I buy my TU score from here again, and buy it directly from TU in order to get a better idea of what the lenders see?

[tooleman694]

Yup buy the TU here so you get an idea where you are at. My TU score here is about 20 points lower then what my lender got.

I think it is common for that to happen, the TU98 wasn't as forgiving.

[MovingForward_2012]

Don't buy the score directly from Transunion because it is a FAKO score and means nothing. The TU score from myfico is the most accurate and should only vary a few points from the TU score the lender pulls because on myfico they use TU98, and most lenders pull TU04. But as others mentioned, your EQ fico should match what is shown here when both are pulled back to back. You can't buy your EX fico score, you can only get it from a lender pull.