FICO TU vs Lender Pull TU

[GoodCredBen]

My FICO TU is 614, but my lender pulled me at a 582....

Whats the deal? O.o

[Repo-ed]

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@BadCredBen wrote:

My FICO TU is 614, but my lender pulled me at a 582....

What's the deal? O.o

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Isn't one TU08' and the other 98 or something to that affect?  Completely two different algorithms, as I understand it.

[rckstrscott]

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@Repo-ed wrote:

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@BadCredBen wrote:

My FICO TU is 614, but my lender pulled me at a 582....

What's the deal? O.o

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Isn't one TU08' and the other 98 or something to that affect?  Completely two different algorithms, as I understand it.

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Bingo. TU98 is used here, but almost all mortgage lenders use TU04..

Your EQ purchased here is right on with what lenders use, but the TU varies.. if your score is lowish due to negatives, the lender pull usually shows an even lower score, however if you score is high here, it will often show even higher on the lender pull.

My lender pull for TU was a 722, on here it was 714. I was suprised, because my LO told me flat out to expect a 20pt drop from this site to his pull.

-scott

[GoodCredBen]

My EQ here is 603 or so, but lender pulled it at 621 lol.

[rckstrscott]

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@BadCredBen wrote:

My EQ here is 603 or so, but lender pulled it at 621 lol.

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See, that IS suprising because virtually all lenders user the same EQ Fico variation as MyFico... hey, good for you tho!

-scott