Fico 8 vs Fico mortgage scores

[Anonymous]

I'm looking to ask if you'd share your comparison, trying to get mine up, Eq - 619/603 Tu 615/608

[Anonymous]

My understanding is that one of the biggest factors between the two models is number of cards reporting balances.  Evidently the mortgage model is much more sensitive to this number, so you'll really want to have AZEO in place... where with FICO 08 it's not nearly as important.

[Anonymous]

Thank you that's what I'm looking to learn !

[Thomas_Thumb]

A few other differences between Fico mortgage score factors based on my observations and other poster comments include:

1) Fico mortgage puts a bit more weight to individual card UT% than does Fico 8

2) Fico 8 puts a bit more weight to aggregate CC UT% than does Fico mortgage

3) Fico 8 puts less weight to opening one or two new accounts than does Fico mortgage. However, it appears that opening a bunch of new accounts close together is given more weight with Fico 8.

4) Isolated 30 day lates have less of an impact on Fico 8 score than on Fico mortgage score.

5) All collections hurt Fico mortgage score regardless of dollar amount or type of collection. Fico 8 "ignores) collections under $100 in scoring and discounts impact of medical collections.

6) Systemic late payments will be more harmful to Fico 8 scores compared to impact on Fico mortgage scores.

[Anonymous]

I need to focus on bringing all cc balances to 0, and one to about 6-9% utili, I have also paid off two charge offs, still three, 6+ years old remaining, profit & loss but I hope to gain at least 12-18 points doing this.