Fico Scores on MyFico Different than Scores pulled by my Bank

[Anonymous]

Are the scores shown on myFico updated sooner than the scores pulled by the bank. My scores updated on Monday according to myFico but my bank pulled them today and they haven't changed from what they were last week. 

we are comparing Apples to Apples... myFico 5, 4 & 2. 

FYI: I was a few points short of the mark for a good interest rate. myFico showed updates across all three credit bureaus from 9/1 to 9/4 which put me over what I needed, but the bank pulled my reports today and there was no change. 

Why?

[Trudy]

There are experts that can provide more details (and maybe even correct me) but the days difference in pulls should not be a factor unless your creditors sent new information to the CRA in this period or you crossed some type of threshold for age of accounts, balances, etc. 

[Anonymous]

The scores myFico shows today are different from the scores pulled by the bank today even though its the same model. However, I did notice the alerts on myFico.com do not match the data in the credit report I pulled. 

I recieved an alert and account with a balance that paid down caused my score to jump 10 points but on the 3B report the same account still shows the balance. 

So there seems to be some type of mismatch with the alerts and the reports and the scores. 

However the FICO scores(only) are updated on myFICO but not on the 3B report. 

[Anonymous]

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@Anonymous wrote:

Are the scores shown on myFico updated sooner than the scores pulled by the bank. My scores updated on Monday according to myFico but my bank pulled them today and they haven't changed from what they were last week. 

we are comparing Apples to Apples... myFico 5, 4 & 2. 

FYI: I was a few points short of the mark for a good interest rate. myFico showed updates across all three credit bureaus from 9/1 to 9/4 which put me over what I needed, but the bank pulled my reports today and there was no change.

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If the scores on myFICO showed updates across a four day period, then you were seeing FICO 8 scores.  This is the only model that could be updating multiple times over four days.  In that case the scores that you were comparing were apples to oranges -- the newly updated activity was on your FICO 8 scores and the bank was pulling your mortgage scores.

[Anonymous]

The other scores change based on the updated data too. 

From the Dashboard if you select the option to [ View Additional FICO Score Versions used in mortagage, auto and bankcard decisions ] the scores are updated. 

From the 3B report under the scores tab the scores are updated for FICO Score 5, 4, and 2 BUT in the items to review section the account which caused the increase in score is only updated in the Experian column under credit data. 

[Trudy]

Actually, if what you're referring to the highlighted section below, it does not update until you pull (pay for) a new report.  Your paid product updates FICO 8 each time there's a change as @CreditGuyInDixie notes.  Not the other versions.  If you purchased a new report today it should match the banks unless something changed from earlier today and the "View additional score versions will update.

[Revelate]

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@Anonymous wrote:

The other scores change based on the updated data too. 

From the Dashboard if you select the option to [ View Additional FICO Score Versions used in mortagage, auto and bankcard decisions ] the scores are updated. 

From the 3B report under the scores tab the scores are updated for FICO Score 5, 4, and 2 BUT in the items to review section the account which caused the increase in score is only updated in the Experian column under credit data. 

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Sadly I wish that were the case, but it is not.

The other scores besides FICO 8 do not update via the monitoring solution except for another 1B/3B pull.  Some of the products get a 3B pull monthly, but the current generation does not update the other scores outside of that.

A 3B pull, specifically the mortgage scores, will match the standard trimerge scores if there are no interstitial changes between the pulls, 99.99% of the time.  The only time it will not is if you manage to stumble across a portfolio lender that is doing something else... in all my time on this forum I've only seen one lender UW on FICO 8 and they were holding the loan for the complete term.  It is absurdly uncommon.

[Anonymous]

I paid for a new 3B report. The scores are higher than what the mortgage lender is telling me and I made sure that we were comparing apples to apples. 

I did notice that the new 3B report, pulled AFTER the mortgage lenders pull, shows they last pulled my CR on 8/28. There's not a new inquiry for 9/5 as I would expect.

I asked her to check if there's something in their system that just pulls the last CR if a new pull is attempted within x number of days because the scores she is seeing are exactly the same scores I had on 8/28 before a few accounts updated with new information. 

[Revelate]

Generally in such a situation you pay for what's termed a rapid rescore in the mortgage space.  I suspect they kicked it back and your LO won't know TBH, they don't have visibility into the backend.

If you don't see a second inquiry, it didn't happen when we're talking trimerge mortgage pulls... though I'd go spot check with something like CK before going down the paid route just to double-check though I've never had a MF 1B/3B pull be inaccurate for me.