Dramatic drop in FICO scores- too many new inquiries

[bdhu2001]

Okay, it's true but it's also a teaser.

I added my kids to my account as AUs and had no idea that FNBO would do a hard pull of all three CBAs.  Unfortunately, I've also had numerous inquiries done while I was rate shopping for my new home (I'm in closing so that's a plus) so the new inquiry must have been one more inquiry too much.  Thus, paying over $5600 on my student loans to get an increase (based on the simulator) is all for not.

Thanks to the new 3 Bureau score and alerts.  I joined and now know my new scores and percentiles for all three Bureaus

Previous scores on 8/11/11: EX 839 EQ 794:TU 792 

New scores & percentiles:

EQ		TU		EX
782	75%	779	74%	811	90%

Anyway, I'm paying for the new service for at least 3 months so I'll now know my EQ score each month and if I keep the service, I'll get the update on my other scores annually. But since I already get my EX & TU scores from my credit cards, I'll have to really get a kick out of the alert system.  Otherwise, it'll be cheaper to buy my EQ score occasionally. 
 

On the bright side my scores are still higher than when I joined the site on 4/9/14 and I know that my scores will jump back up after the inquiries fall off and with the passage of time.  On the downside, I'm sure my score will take a dip when the new mortgage hits, but the plus is  I'll be able to note the impact due to the new service.

[bdhu2001]

Interesting tidbit.  According to the simulators, I'll recover 5 pts from EQ & TU in one month of payments.  But it will take 4 months in EX, my highest score, to recover 5 pts.  Of course other events like the new mortgage will hit, so I probably won't recover 5 pts as quickly  the simulators state.

[fused]

The FICO formulas have a process called "de-duplication" when you shop for a home or a car. So long as the inq's are properly coded as inq's from mortgage lenders or auto dealers and you did your rate shopping within a 15-45 day window (depending on which FICO formula is used), all of the inqs pertaining to your mortgage app should count as 1 inq. I'm not sure if this process still exists in the FICO 08 formula, but it does in the 98 and 04 formulas. The "de-dup" process does not apply to CC apping, tho.