topic Re: Extra Hard Pulls in General Credit Topics

Extra Hard Pulls

MrTom — Mon, 21 Aug 2017 22:51:43 GMT

I applied for a Mortgage and I had a lock on my Transunion report.

The lender I went through uses Equifax Mortgage Services.

So they ran my credit, got an error code back. So they call me, I unlock it and they rerun it the next morning.

They get 1 report back with everything combined, and I get hit with an extra inquiry on Experian and Equifax.

How do I get those extra inquiries off seeing they were an error? The lender is saying they can do nothing to fix this.

Re: Extra Hard Pulls

Anonymous — Mon, 21 Aug 2017 23:24:40 GMT

Well, I think you may already know my take, since we have discussed this on another thread.

But the additional inquiry will have zero effect on your score, now or in the future. FICO will treat the two inquiries as a single one.

I think it is a bad investment to stress out about something that can have zero impact on you. That's just my take.

Re: Extra Hard Pulls

Anonymous — Mon, 21 Aug 2017 23:42:43 GMT

Not only will it have zero impact on your scores, but it will have zero impact upon a MR, as anyone that looks at your file will see multiple inquiries from the same mortgage lender and not think anything adverse about it.

Re: Extra Hard Pulls

RobertEG — Tue, 22 Aug 2017 17:54:00 GMT

I agree that the scoring impact is nil due to the "de-duping" of multiple mortgage-related inquiries by FICO.

However, if the multiple pulls are still of significant personal concern, perhaps you can get the mortgage lendor to update any second inquiriy to a "soft" inquiry coding.....

Re: Extra Hard Pulls

MrTom — Wed, 23 Aug 2017 00:20:25 GMT

@RobertEG wrote:
I agree that the scoring impact is nil due to the "de-duping" of multiple mortgage-related inquiries by FICO.

However, if the multiple pulls are still of significant personal concern, perhaps you can get the mortgage lendor to update any second inquiriy to a "soft" inquiry coding.....

So lets start from the beginning, one of the pulls was an error. I understand this will not have a score impact, but its a personal issue of wanting to keep my inq down.

If I applied for 2 mortgages, I wouldn't mind. But it was one, and they double pulled. They even said their report shows one pull and they bascially said they don't care what my credit report says their credit report shows one pull.