Mortgage Score Question

[Anonymous]

I am applying for a FHA loan  from a company called Movement Mortgage. This company uses the Fico 4 score. The person i'm working with from Movement Mortgage has told me they pull the fico 4 score from all three credit companies. Equifax,Transunion and Experian. On my,My Fico account.  I see that Transunion uses Fico 4  --- Equifax uses Fico 5 -- and  Experian uses Fico 2. The Person from Movement mortgage says they use a company called  Credit Plus to pull the scores. My question is How is a Fico 4 pulled on all three creditors, if the fico number the creditors use for mortgages are diffrent from each other.  

[chiefone4u]

It is likely that the lender tried to simplify it as to not confuse you.

Lenders typically pull the 3 mortgage scores you listed and base your rate on the middle score.

[Anonymous]

I'm working with Movement too. They pulled all three using the traditional model, I think 5,4,2.  And then used my middle score.

What is your fico 4? Maybe it was your middle and that's why they told you that?

How has it been going for you? I'm a nervous wreck! 

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@Anonymous wrote:

I am applying for a FHA loan  from a company called Movement Mortgage. This company uses the Fico 4 score. The person i'm working with from Movement Mortgage has told me they pull the fico 4 score from all three credit companies. Equifax,Transunion and Experian. On my,My Fico account.  I see that Transunion uses Fico 4  --- Equifax uses Fico 5 -- and  Experian uses Fico 2. The Person from Movement mortgage says they use a company called  Credit Plus to pull the scores. My question is How is a Fico 4 pulled on all three creditors, if the fico number the creditors use for mortgages are diffrent from each other.  

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[homeloanexpert]

The vast majority of us lenders use Equifax Score 5,  Trans Union Score 4, and Experian Score 2 which are  mandated by the GSE's.

Lenders you use one of these credit companies like CTI, Credit Research, Credit Plus,  to pull the data from the credit bureaus. These credit companies format our reports into what is commonly referred to as a Tri Merge.  Hope this helps.