Improving mortgage scores

[Anonymous]

Just curious if there is any pointers on getting my mortgage scores up. I've been working on them for 3 months, in that the I've got 8 collections removed and a few paid off. Fico 8 has seen 50 points across the board, but mortgage scores have raised 50,30 and -13. A bit confused as to why one fell, but nothing in this stuff makes sense to me lol.

Is time and more collections falling off my only hope?

[disdreamin]

I've got one mortgage score that is lagging ~70 points below my FICO8. It seems that, at least for me, my mortgage scores are very sensitive to the number of credit accounts with balances. I am going to try to get that down and see where it puts me the next time I'm able to pull my mortgage scores. Good luck!

[Anonymous]

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@Anonymous wrote:
Just curious if there is any pointers on getting my mortgage scores up. I've been working on them for 3 months, in that the I've got 8 collections removed and a few paid off. Fico 8 has seen 50 points across the board, but mortgage scores have raised 50,30 and -13. A bit confused as to why one fell, but nothing in this stuff makes sense to me lol.

Is time and more collections falling off my only hope?

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Yes, unfortunately.

[SouthJamaica]

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@Anonymous wrote:
Just curious if there is any pointers on getting my mortgage scores up. I've been working on them for 3 months, in that the I've got 8 collections removed and a few paid off. Fico 8 has seen 50 points across the board, but mortgage scores have raised 50,30 and -13. A bit confused as to why one fell, but nothing in this stuff makes sense to me lol.

Is time and more collections falling off my only hope?

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Sounds like you're doing good things and moving in the right direction.

You should continue doing those things.

Other things you might try:

1. optimizing your credit card utilization and

2. optimizing installment loan utilization

[RonM21]

I agree, the more you get the negatives off and allow positive accounts to report, the score will rise. Unless a lot of big things all happen at once, the score usually doesn't jump quickly. It's a timely process.

[Anonymous]

well i guess i just sit back and wait then!! i'm just really confused as to why ex dropped 13 points when the other 2 raised 50 and 30. if it wasn't for that, my middle score would be good enough for FHA. I dont even understand how that could be possible lol. i'm doing everything right, getting collections deleted, paying a few that wouldn't pfd and was reporting balances each month, cc uti under 7%.