Established Contributor
Posts: 760
Registered: ‎02-11-2012
Re: FORGET fico score NOT used by Mtg Lenders

There are currently 49 different Fico Scores available. AS a consumer, we are able to purchase a couple of them. They have Fico scores for the Auto, Home, and Insurance industries to name some. When a mortage lender pulls your score, they will almost always be lower than the Fico Score pulled here as they us a Mortage Enhanced Fico Score.So, if it is a home mortage you are shooting for, get your FAKO scores as high as possible. Although there is no direct correlation between them, relatively speaking, the higher your visible scores at Kredit Karma, Quizzle, Sesame, etc. the better your  Credit Reports will look on the real end.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)

Remember the Three P's: Pay early in Full, Pay on Time, Patience