Tag Archive for: pulling credit

5 Key Credit Reminders & Misconceptions

#1 – Consumer credit scores are not the same as mortgage credit scores. Borrowers often share their credit scores with us, as if those scores are set in stone. Those scores, however, are often generated by online “consumer” oriented scoring models that are much less stringent than the scoring models mortgage lenders employ. As a […]Read More

Consumer Credit Scores Are Different From Mortgage Credit Scores

As we explain from time to time, most mortgage lenders pull credit scores from the three major bureaus (Transunion, Equifax and Experian) and they correlate to the middle of the three scores. If there are two borrowers, lenders usually correlate to whichever borrower has the lower middle score, often frustrating borrowers with especially good credit. […]Read More