Frequent Contributor
BoysMumx2
Posts: 309
Registered: ‎01-24-2008
Re: MyFICO TU98 vs Lender Pull TU

frugalQ wrote:

Good morning Forum,

 

I got the myfico TU98 score today, and it is listed at 655.  I am refinancing my house, and my mortgage lender TU score was 699....which is a 44 point jump.  I am sooo thankful that the mortgage company does not use the same scoring model that myfico does.   My middle score would have been in the 650's if they had used TU98 (either TU or Equifax).  However, at it stands, my middle score is 678 (Experian).

 

This goes to prove how important utilization is when calculating your FICO score.  With TU98, my utilization is 28%, but when Amex is not factored in, my utilization is 15%.


I experienced the same thing!  On 6/7 my TU98 was 698 but the mortgage lender pull was 731.  It made a 1% difference on my down payment assistance product.


Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12
Current Score: EQ 743, TU 775 (6/18 MyFico), EX 722 (per CITI approval letter 6/29/12 pull)
Goal Score: New goal: 760+ on all 3


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