Looking for a house to buy. Because my wants are very specific I know it might take a while. But went ahead and contacted a mortgage broker to get an idea of what to expect.
Gave verbal approval for a soft pull. Signed nothing.
FICO 5 Scores came back as I expected (per MyFICO).
Fast forward a week and I receive a letter in the mail with the broker's entity at top titled "notice to home loan applicant" and "credit score info disclosure."
Previous experience has never resulted in a credit pull letter being received for a soft pull, only hard.
Just wondering if such a letter is normal for a soft pull or is this a sign that I might want to consider a different broker? (my senses say the broker is squared away, but I can't shake the knowledge of the unknown.)
Note: while letter says info pulled from all 3 agencies, add'l pages in letter only provided info from two.
@Ragnar375 wrote:Looking for a house to buy. Because my wants are very specific I know it might take a while. But went ahead and contacted a mortgage broker to get an idea of what to expect.
Gave verbal approval for a soft pull. Signed nothing.FICO 5 Scores came back as I expected (per MyFICO).
Fast forward a week and I receive a letter in the mail with the broker's entity at top titled "notice to home loan applicant" and "credit score info disclosure."
Previous experience has never resulted in a credit pull letter being received for a soft pull, only hard.
Just wondering if such a letter is normal for a soft pull or is this a sign that I might want to consider a different broker? (my senses say the broker is squared away, but I can't shake the knowledge of the unknown.)
Note: while letter says info pulled from all 3 agencies, add'l pages in letter only provided info from two.
seems perfectly normal, all the letter is saying is that they pulled reports and used scores in their process
pulling reports and scores need not be a hard inquiry, they can pull reports and scores and register their inquiry as a soft inquiry. so unless you got notifications of a hard pull from somewhere, it seems like they are doing excactly what you asked them to do and the letter is just an acknowledgement of you allowing them to soft pull your credit and collect scores.
