credit report from refi

[Turbobuick]

We just started a refi and they mailed us our scores which is typical. This is the first time I seeing a new scoring system. My Equifax report scores me 810 out of a possible 818?? Does this look normal? 

[Jnbmom]

That's a FICO 5 score

[Revelate]

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@Jnbmom wrote:

That's a FICO 5 score

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This exactly, what's listed on that credit disclosure is the real world min/max of EQ FICO 5.

It wasn't until FICO 8 and later that the algorithm scaled to 850.  Yeah it was another complaint that it didn't which is why it changed presumably haha.

[Turbobuick]

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@Revelate wrote:

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@Jnbmom wrote:

That's a FICO 5 score

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This exactly, what's listed on that credit disclosure is the real world min/max of EQ FICO 5.

It wasn't until FICO 8 and later that the algorithm scaled to 850.  Yeah it was another complaint that it didn't which is why it changed presumably haha.

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Thanks. So this isn't new scoring but ancient scoring? This is through Wells Fargo. 

[Anonymous]

 this isn't new scoring but ancient scoring? This is through Wells Fargo. 

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It's still widely used by almost all lenders today.

Each of the Bureaus still use some version of the old fico models (2,4,5).

[Revelate]

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@Turbobuick wrote:

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@Revelate wrote:

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@Jnbmom wrote:

That's a FICO 5 score

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This exactly, what's listed on that credit disclosure is the real world min/max of EQ FICO 5.

It wasn't until FICO 8 and later that the algorithm scaled to 850.  Yeah it was another complaint that it didn't which is why it changed presumably haha.

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Thanks. So this isn't new scoring but ancient scoring? This is through Wells Fargo. 

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It's standard for the mortgage industry, the GSE's underwrite still on EX FICO 2, EQ FICO 5, TU FICO 4, from 1998 for the first and 2004 for the last two.