First time poster, but I'm currently in process of buying a house. I pulled reports from MyFICO and Experian (paid for the PLUS score 
).
My mortgage broker pulled my report from Experian:
Equifax Beacon 5.0: 800
COMMENTS:
30 Time since most recent account opening is too short
8 Too many inquiries last 12 months
5 Too many accounts with balances
14 Length of time accounts have been established
FICO Risk, Classic (04): 776
COMMENTS:
030 Time since most recent account opening is too short
012 Length of time revolving accounts have been established
003 Proportion of loan balances to loan amounts is too high
005 Too many accounts with balances
Experian Fair Isaac Version 2: 810
COMMENTS:
14 Length of time accounts have been established
09 Too many accounts recently opened
05 Too many accounts with balances
10 Proportion of balance to high credit on banking revolving or all
revolving accounts
However, what Experian says in my consumer report is in contrast to what was reported to my broker. My PLUS score is 780, BTW. The report goes on to say what factors affect the score:
"Listed below are the top factors that raised your score. They are listed in order of importance.
You have paid your bills on time and currently do not have any overdue accounts or derogatory information, such as a collection, charge-off, or bankruptcy, on your report.
You have a good cushion of available credit between your current balance and your credit limits on all open trades. This has a positive affect on your credit score. This cushion shows lenders that you are unlikely to overextend yourself financially.
The total balance on all your credit cards is relatively low compared to your total available credit limit. This has a positive impact on your credit score.
Your average credit limit for your major credit cards, such as Discover, American Express, VISA, or MasterCard, is high. This tells lenders that you have enough financial experience, and they will be more likely to see you as a good credit risk."
Then listed are factors negatively affecting score:
"Listed below are the top factors that lowered your score. They are listed in order of importance.
Credit scores are calculated based on various factors in your credit report. Currently, your credit report does not show any significant negative or derogatory information."
I find it strange that Experain report I order says one thing and report broker orders says something different. The lender's report looks like a consolidated report, but only hard pull shows on Experian. MyFICO scores were 788 and 800 for EFX and TU respectively.
I would appreciate any insight.
Thanks in advance.
The TU score difference is then due to the fact that your lender pulled TU04 and myFICO provides TU98. I don't know the differences in the two formulas, but some folks report higher scores with 04, and some report lower.
We're all waiting, not very patiently, for TU to provide TU04 through here. Our FICO scores are actually crunched by the CRA's, not here. myFICO is just the portal for consumers to access their scores.
Your scores are beautiful, and I'm looking forward to the day mine are similar. Did your lender indicate that you would be getting the best rates? I would guess that they would go with your Equifax of 800, which is your middle score (generally how mortgage lenders treat these.)
In the unlikely event that you need even higher scores, there's not a lot you can do about the age of your newest account or the number of inquiries or your overall age, but if you pay off all your CC's except one before their statements drop, so that only one shows a balance, you might eke out a few more points. But since these are mostly your 3rd and 4th factors, they might not make a whole lot of difference.
You might also have noticed that with your 800+ scores, myFICO doesn't give you any negative comments, and for 760 - 799, you only get one. Yet you still have four negatives showing on your scores via your lender. It appears that myFICO thinks the egos of the 800 Club members are too delicate to be scolded!
At any rate, even though you have negatives showing, they're not affecting your score very much, or you'd be down in the muck and mire with the rest of us.
We're all waiting, not very patiently, for TU to provide TU04 through here. Our FICO scores are actually crunched by the CRA's, not here. myFICO is just the portal for consumers to access their scores.
Your scores are beautiful, and I'm looking forward to the day mine are similar. Did your lender indicate that you would be getting the best rates? I would guess that they would go with your Equifax of 800, which is your middle score (generally how mortgage lenders treat these.)
In the unlikely event that you need even higher scores, there's not a lot you can do about the age of your newest account or the number of inquiries or your overall age, but if you pay off all your CC's except one before their statements drop, so that only one shows a balance, you might eke out a few more points. But since these are mostly your 3rd and 4th factors, they might not make a whole lot of difference.
You might also have noticed that with your 800+ scores, myFICO doesn't give you any negative comments, and for 760 - 799, you only get one. Yet you still have four negatives showing on your scores via your lender. It appears that myFICO thinks the egos of the 800 Club members are too delicate to be scolded!
At any rate, even though you have negatives showing, they're not affecting your score very much, or you'd be down in the muck and mire with the rest of us.