topic Re: Lender pulling credit-see scores B4 or after pull? in Mortgage Loans

Lender pulling credit-see scores B4 or after pull?

Donna1966 — Thu, 11 Sep 2008 15:03:27 GMT

Hey guys,

Does anyone know if a lender sees FICO scores before their inquiry hits, or after their hit?

Thanks!

Donna

Re: Lender pulling credit-see scores B4 or after pull?

Anonymous — Thu, 11 Sep 2008 20:17:24 GMT

Donna, actually I have the same question.
But my theory is the following:
1) Lender pulls score
2) Inq is added to the report
If now in the future somebody pulls the score again, they will see
old FICO score - 1 new inq
Let's assume you start mortgage shopping now (within the 14 days window) 3) 2nd lender pulls score and gets new FICO = old FICO - 1 inq
4) 2nd Inq is added
5) 3rd lender pulls score and gets (also) new FICO = old FICO - 1 (!) inq
6) 3rd inquiry is added to report (but not considered for all future calculations (14 days rule)
Does that make sense?

Re: Lender pulling credit-see scores B4 or after pull?

Anonymous — Thu, 11 Sep 2008 21:58:08 GMT

That's exactly the scenario I have been wondering about!

Physicist wrote:
Donna, actually I have the same question.
But my theory is the following:
1) Lender pulls score
2) Inq is added to the report
If now in the future somebody pulls the score again, they will see
old FICO score - 1 new inq
Let's assume you start mortgage shopping now (within the 14 days window) 3) 2nd lender pulls score and gets new FICO = old FICO - 1 inq
4) 2nd Inq is added
5) 3rd lender pulls score and gets (also) new FICO = old FICO - 1 (!) inq
6) 3rd inquiry is added to report (but not considered for all future calculations (14 days rule)
Does that make sense?

Re: Lender pulling credit-see scores B4 or after pull?

Donna1966 — Thu, 11 Sep 2008 23:17:58 GMT

Yes that makes sense, as far as the other inquiries, but I'm wondering if the first puller sees your score before their pull or after their ding for pulling...

Example, my score is 700 and Mortgage Guy#1 pulls my credit, which costs me a 4 pt ding, does he see 700 or 696 (the score after his pull)?

Does anyone know for certain?

Thanks!