Profile picture for BOND Boo

Can I provide lenders a copy of my credit report instead of having them pull my credit each time?

I'm shopping for the best mortgage and don't want to lower my score by having each lender pull my credit. What can I do to avoid this?
  • January 12 2010 - US
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Answers (11)

That was actually the answer my magic 8 ball gave...when I asked it again it said "I already said NO"
  • January 16 2010
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Doug's answer says it all. :)
  • January 16 2010
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No
  • January 16 2010
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Profile picture for hpvanc
Would you trust it if someone was providing their own to you, or would you be wary that it had been forged?

Andrew>
"Which is worse a loan officer that doesn't know this or a loan officer that knows it.. and uses the pulling of credit scores to scare a potential client from shopping?"


The loan officer that doesn't know it is a thief by ignorance, and the one that knowingly uses it to scare a borrower is a thief with intent.  The one that uses it as a scare tactic is worse. 

However people who intentionally refrain from educating themselves about the validity their sales tactics in general can be considered thieves with intent as well.
  • January 16 2010
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at the shopping stage your scores from a recent pulled report can be used. When it is time for application and approval they will pull your report.
  • January 16 2010
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Profile picture for MagicalHouse
You can do whatever you want.  Will they use it for a prequalification is a diferent question.
  • January 12 2010
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Profile picture for daveskow
simple answer : NO you cant "provide lenders a copy of your credit report instead of having them pull yourcredit each time"
  • January 12 2010
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This is a good article about credit scores and the pulling of credit...it's an old article and not much has changed. 

Which is worse a loan officer that doesn't know this or a loan officer that knows it.. and uses the pulling of credit scores to scare a potential client from shopping?
  • January 12 2010
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Find 2 qualified and reputable Lenders. Let them do a full application with credit. It will not hurt your score at all. Talk to any more than 2 Lenders and you will be in "mortgage quicksand". Too many opinions, options, sales tactics, paper work, etc....you will get too confused and not know what to do.
  • January 12 2010
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Profile picture for BOND Boo
Thanks for the feedback...Great
  • January 12 2010
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Profile picture for wetdawgs
Several pulls within a month or so are expected when shopping for mortgage, and will not affect the score more than one pull.   Therefore, it is your advantage to talk to several lenders within a short period of time rather than spread out over several months
  • January 12 2010
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