topic Re: My REAL mortgage credit score vs my online credit reports in Mortgage Loans

My REAL mortgage credit score vs my online credit reports

visualfxpro — Thu, 19 May 2022 03:29:08 GMT

For those looking for mortgage scores online, I'm providing you my real credit score given to me by mortgage lender & what I see online, so others can see which scores are good to use:

So I just got my credit score from mortgage lender:

Here is my myFICO score:

Experian.com:

Credit.com

Re: My REAL mortgage credit score vs my online credit reports

TheKid2 — Thu, 19 May 2022 13:03:38 GMT

Everyone can get their REAL mortgage scores from MF. They are actually listed as "Mortgage Scores" when you pull a 3B.

Typically Mortgage lenders use your Middle Score from FICO 5, 4, 2. It's odd that your mortgage lender only sent you the Experian score (FICO 2) and you only get your Experian score from MF.

If you're serious about a mortgage, focus on your middle score from your 3B MF pull.

Re: My REAL mortgage credit score vs my online credit reports

ShanetheMortgageMan — Fri, 20 May 2022 23:21:51 GMT

@TheKid2 wrote:
Typically Mortgage lenders use your Middle Score from FICO 5, 4, 2. It's odd that your mortgage lender only sent you the Experian score (FICO 2) and you only get your Experian score from MF.

The reason only 1 score is provided is because that is all that is required per the FCRA, it's disclosed on what is referred to as the Credit Score Disclosure and https://consumercomplianceoutlook.org/2011/third-quarter/overview-of-the-credit-score/ has some more info & https://www.informativeresearch.com/disclosures/ puts it more concisely.

Re: My REAL mortgage credit score vs my online credit reports

TheKid2 — Sat, 21 May 2022 14:27:32 GMT

@ShanetheMortgageMan wrote:
@TheKid2 wrote:
Typically Mortgage lenders use your Middle Score from FICO 5, 4, 2. It's odd that your mortgage lender only sent you the Experian score (FICO 2) and you only get your Experian score from MF.
The reason only 1 score is provided is because that is all that is required per the FCRA, it's disclosed on what is referred to as the Credit Score Disclosure and https://consumercomplianceoutlook.org/2011/third-quarter/overview-of-the-credit-score/ has some more info & https://www.informativeresearch.com/disclosures/ puts it more concisely.

@ShanetheMortgageMan Thanks for that!

I actually got all 3 scores from my broker last time I got a mortgage, so I guess they were being extra nice! The funnny thing, for use MFers we already know what our mortgage scores are. haha

Re: My REAL mortgage credit score vs my online credit reports

ShanetheMortgageMan — Sat, 21 May 2022 19:31:55 GMT

I still laugh at the abbreviation of MFers.

Re: My REAL mortgage credit score vs my online credit reports

DSTforlife — Mon, 23 May 2022 15:45:52 GMT

i chuckle every time I read it too.