From: "Barbara Thomas" 
Newsgroups: alt.org.natl-assn-mortgage-brokers
Subject: Re: Borrowers Pulling Their Own Credit Reports
Date: Sun, 3 Oct 2004 19:11:19 -0400

I beleve the difference is probably because the credit bureau pulled a 
"consumer" credit score, not a "mortgage" credit score.  we pull both 
consumer and mortgage reports at my bank and they really are scored on a 
different model...

barbmichigan

"Jeff Strickland"  wrote in message 
news:10l3a1tirbp473e@corp.supernews.com...
>I had an instance of my borrower pulling their own credit score from
> experian.com. My borrower paid a fee to get a complete print out of their
> credit history, and the score they got was 713. With this score in hand, 
> my
> client gave me a call to get a new mortgage so they could do home
> improvements. When I pulled credit, the actual score came back at 629 (we
> get three scores, 633, 629, and 628 - we toss the high and low score and 
> use
> the middle score). With the experian report, my borrower easily qualifies
> for virtually any loan program I can find, with the score I get, I can't
> find a suitable loan program.
>
> My point is only that there is no benefit too your borrowers to subscribe 
> to
> an online credit service to pull credit data because the data provided for 
> a
> fee has no bearing on reality. The online service gave my borrower all of
> the same data relative to credit liabilities and payment histories, but 
> the
> scoring model is significantly different.
>
> I hope this story helps somebody to save $50 and the aggravation of 
> getting
> bogus information from experian.com.
>
>
> 




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