I'm very puzzled 
. Between my (3) FICO 10T scores, the lowest one is 838. Understanding that Vantage 4 is also trended data, I don't understand why my Vantage 4 is 40 points lower. It's the same trending data albeit Vantage 4 is a score based on a tri-merged report.
@PepsterinBklyn wrote:I'm very puzzled
The underlying data may well be the same, however, the scoring models are different; odds are pretty good they will never totally line up.
@PepsterinBklyn wrote:I'm very puzzled
I haven't heard of a tri-merged Vantage 4 score, but your Vantage 4's and FICO10T's will be different for the same reason that your Vantage 3's and FICO8's will be different: they're different algorithms written by different people, independently of each other. They score the same data, but they score it differently.
@PepsterinBklyn wrote:I'm OK with & I even expect SOME differences between the 2 algorithms BUT 40 points???, NO WAY...... LOL Anyway, from from my lowest 10T of 838 down to 798 made me scratch my head. My real concern is since mortgage scoring for many using the 10T\Vantage 4 combination is going to happen via Fannie Mae\Freddie Mac, what's going to happen to people with scores in mid 700's or mid 600's & those similar deficits show up?
1. Yeah way. Like I said, they're completely different algo's. VS3 and FICO8 can be more than 100 points different for some profiles.
2. What's going to happen is the same as happens now when there's variation among an applicant's FICO 2/4/5 mortgage scores: lowest middle score determines rate. It would just be lowest middle 10T for lenders that opt to use that, and lowest middle VS4 for lenders that opt to use that.
@PepsterinBklyn wrote:I'm very puzzled
FICO vs. FAKO and you asking why??
Because they are classified as FAKO and used for entertainment purposes only!
We have seen many reports of 100 points difference between the scores, including my own! I would not even be concern about what my FAKO scores are, regardless of models...
@PepsterinBklyn wrote:If Vantage 4 is now "OFFICIALLY" part of the mortgage evaluation process..... IT'S NOT FAKO ANYMORE.
Well, it's not FAKO once the transition to the new scores happens. From what I see poking around online, it might be Q4 of this year?
I also see that I was mistaken about what the transition is going to entail. From what I can find, it looks like that, once it happens, lenders will no longer be able to use the FICO 2/4/5 tri-merge for conforming mortgages. Instead, lenders will be required to use both FICO 10T and Vantage 4, and to use a bi-merge of two bureaus rather than a tri-merge of three. I didn't find anything that said how exactly the four scores this would produce would be used to determine rate.
@Slabenstein wrote:
@PepsterinBklyn wrote:If Vantage 4 is now "OFFICIALLY" part of the mortgage evaluation process..... IT'S NOT FAKO ANYMORE.
Well, it's not FAKO once the transition to the new scores happens. From what I see poking around online, it might be Q4 of this year?
I also see that I was mistaken about what the transition is going to entail. From what I can find, it looks like that, once it happens, lenders will no longer be able to use the FICO 2/4/5 tri-merge for conforming mortgages. Instead, lenders will be required to use both FICO 10T and Vantage 4, and to use a bi-merge of two bureaus rather than a tri-merge of three. I didn't find anything that said how exactly the four scores this would produce would be used to determine rate.
Till that happens still remains to be FAKO. I just don't see how lenders would base ALL of their decisions using unproven highly volatile scoring system.