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I no longer trust MYFICO reports and scores

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IvDogg
Established Member

Re: I no longer trust MYFICO reports and scores

I'm very much a MyFICO newby and MyFICO fan, but unless MyFICO starts letting you pick the exact scoring model (I know this will never happen), I'm just going to stick to the free and cheap FAKOs.

 

I pulled my MyFICO and my USAA Plus FAKO this morning prior to applying for a VA Loan mortgage today and my PLUS scores were much closer to my lender pull...

 

MyFICO - EX 707, EQ 681, TU 671

Equifax Mortgage Solutions - EX 634, EQ 637, TU 675

USAA - EX 654, EQ 645, TU 667

 

Does anyone know a mortgage lender that pulls the same scoring models as MyFICO???

Starting Score (Feb 2014): EXP:583 EQ: 585 TU: 610
Current Score (5/1/2014): EXP:707 EQ:681 TU:671(All Fico)
Goal Score: 725 (all three)

My Wallet: Navy FCU Cash Rewards Signature Visa $24k, Discover IT $7k, Amazon Rewards Visa $5k, Hawaiian Airlines World MC $4000, Gold Delta SkyMiles $2k, Cap One Quicksilver $3800, Military Star Card $2625, Bestbuy Reward Zone $300, Horizon Gold $500
Message 31 of 32
pizzadude
Credit Mentor

Re: I no longer trust MYFICO reports and scores


@IvDogg wrote:

I'm very much a MyFICO newby and MyFICO fan, but unless MyFICO starts letting you pick the exact scoring model (I know this will never happen), I'm just going to stick to the free and cheap FAKOs.

 

I pulled my MyFICO and my USAA Plus FAKO this morning prior to applying for a VA Loan mortgage today and my PLUS scores were much closer to my lender pull...

 

MyFICO - EX 707, EQ 681, TU 671

Equifax Mortgage Solutions - EX 634, EQ 637, TU 675

USAA - EX 654, EQ 645, TU 667

 

Does anyone know a mortgage lender that pulls the same scoring models as MyFICO???


Mortgage lenders are pretty much standardized on the FICO04 scoring model, which unfortunately is no longer offered here.   Equifax website sells a FICO score which will match mortgage lenders, but you have to dig to find, it's not the same as the "Equifax Credit Score".

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 32 of 32
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