@Anonymouswrote:
CGID: I’m a little confused by what you said “…thus are [you] asking about the mortgage scores. TU and EQ use the same model (FICO 04) and thus should be a bit closer in your identical data scenario.” My myFICO says EQ uses FICO Score 5 while TU uses FICO Score 4 and EX FICO Score 2. My FICO 4 and 5 scores (with identical CR data) differ by 14 points with FICO 5 being the higher. Am I missing something?
Yeah, the problem is that there are a lot of different names for the same model. Here is an excerpt (in italics) from a thread entitled "The many flavors of FICO: Editions, versions, and variations":
As of 2015, FICO is using new names for some FICO scores. These names have been added below using this color.
MyFICO is now selling additional score versions to the public. These include three scores most often used by mortgage lenders:
- Experian FICO Score 2 (also known as EX-98 or Risk Model v2)
- Transunion FICO Score 4 (also known as TU-04 or Transunion FICO Risk Score Classic 04)
- Equifax FICO Score 5 (also known as EQ-04 or Beacon 5).
When FICO releases a model (e.g. FICO 98, FICO 04, FICO 08, etc.) it gives the model one name. Historically it choose the name of the year it was released (though with FICO 9 it stopped doing that).
After the model gets released, the three bureaus each implemented its own slightly different version of that model, and gave their own version its own name: e.g. FICO 04 became Beacon 5 at Equifax. FICO 98 became EX Score 2 at Experian.
The key thing to be aware of is that FIC0 04 and Beacon 5 (for example) are basically different names for the same thing.
