topic Re: Mortgage Company Getting Different Fico Scores...Why? in General Credit Topics

Mortgage Company Getting Different Fico Scores...Why?

Schoolbuskid — Fri, 23 May 2008 18:42:45 GMT

Some of you know my mother is in the process of purchasing home, well her scores have certainly rose over the last months! The Mortgage pulls her scores but one of them are different than her True Fico scores. Why?

Mortgage Company Pulled on 5-19

Scores they received:

TU-567 EX-644 EQ-540

According To Myfico Her Scores Are A Follow:

TU-636 EX-644 EQ-540

Re: Mortgage Company Getting Different Fico Scores...Why?

Schoolbuskid — Fri, 23 May 2008 22:33:03 GMT

The Mortgage company uses www.equidata.com for scores, now i dont know how accurate their scores are but according to my mothers Equidata report her scores are TU-631 EX-585 EQ-597, so this could be why they are different than Myfico scores!

Noticed this in the disclaimer:

"Also, CreditXpert Inc. is not connected in any way to Fair Isaac Corporation; the CreditXpert Credit Score is not a so-called FICO® score."

These scores are useless, i assume!

Re: Mortgage Company Getting Different Fico Scores...Why?

BungalowMo — Fri, 23 May 2008 23:00:15 GMT

Schoolbuskid wrote:
The Mortgage company uses www.equidata.com for scores, now i dont know how accurate their scores are but according to my mothers Equidata report her scores are TU-631 EX-585 EQ-597, so this could be why they are different than Myfico scores!

Noticed this in the disclaimer:

"Also, CreditXpert Inc. is not connected in any way to Fair Isaac Corporation; the CreditXpert Credit Score is not a so-called FICO® score."

These scores are useless, i assume!

I guess different mortgage companies use different systems. I have a report that had been pulled by the mortgage co back in Sept. 06. It mentions "Credco instant merge credit report" on each page.

My scores are listed as EFX Beacon 5.0 632, XPN FICO II 648, TUC FICO Classic 98 656. I always guessed these were actual FICO scores.

Re: Mortgage Company Getting Different Fico Scores...Why?

Anonymous — Fri, 23 May 2008 23:06:35 GMT

The TU score Version 2004 - it what your lender pulled

myFICO currently uses version 98

Re: Mortgage Company Getting Different Fico Scores...Why?

Schoolbuskid — Sat, 24 May 2008 00:11:37 GMT

I have no clue as to what version they used! Is there a way i could tell?

Re: Mortgage Company Getting Different Fico Scores...Why?

Anonymous — Sat, 24 May 2008 05:12:40 GMT

It should say the version at the end of the report-

Equifax Beacon 5.0 - Same Ver as myFICO

Trans Union FICO Classic 04 - Newer than myFICO- myFICOuses FICO Classic 98 currently

Experian FICO v2 -Same Ver as myFICO

I heard a rumor that myFICO is putting in the Classic 04 version for TU soon-

Schoolbuskid wrote:

I have no clue as to what version they used! Is there a way i could tell?

Re: Mortgage Company Getting Different Fico Scores...Why?

Schoolbuskid — Sat, 24 May 2008 17:48:22 GMT

Thanks Timothy, but i wasnt able to tell what version they used! They pulled all the same scores except for TU, so i see why now!