I recently applied for a mortgage loan and the credit scores they pulled were all different than the ones I pulled less than a week before. One score was 31 points lower and another 20 points higher. Why is that?
2007-02-21 12:29:08 · 2 answers · asked by curious1 1 in Business & Finance ➔ Renting & Real Estate
First of all, that Lana's an idiot, now to your question. It isn't unusual for such to happen. When a solicitor pulls an un-scored credit report that inquiry has no affect on your score. You likely saw numerous inquiries as most pre-approved credit cards have done such before mailing out the offers. When a report is scored however the next pull can lower some scores. You might have had a consumer type debt that just sent in a timely payment history that raised the one score. Not all creditors report to all 3 bureaus. There is usually a time window that allows for several scored reports to be pulled without lowering your score as typically in a mortgage loan process 3-4 scored reports happen. The time window allows for such to occur without damaging an applicants credit score. Perhaps it was because the first pull wasn't done by a mortgage lender.
2007-02-21 14:47:26 · answer #1 · answered by Myron 4 · 2⤊ 0⤋
We as mortgage companies see a tri merge score. My name is Lana I work for Gateway Mortgage Group . I can answer any questions that you might have please call me @ 317-603-9351 or e-mail me ( lana9774@sbcglobal.net ) I can help you get a better understanding of your credit and where you can go from there .
2007-02-21 20:45:12 · answer #2 · answered by Anonymous · 0⤊ 1⤋