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Does a lender see the same credit report and scores as the consumer?

  • August 23 2010 - Ilion
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Answers (5)

@ wetdawgs..you're right on the money!

@ Ed Benko...you can't be more incorrect regarding "tri-merged" commercial credit reports.  I see both consumer and commercial reports daily, and the tri-merged are melted together.  The consumer reports break out the bureaus individually as not all data is the same on each bureau.  The data is as current on a consumer report as is a commercial...I've seen both pulled on the same day and laid side by side.

For example, the commercial report doesn't give specific late payment dates for whichever bureau is reporting the data, the consumer report does.

When I was in the mortgage biz, I once worked for a broker that had an account with CREDCO and also Funding Suite.  I could pull a report with CREDCO, and if the clients scores were too low I could pull with Funding Suite (the same day) and get a different score which was sometimes higher and get the loan submitted.


I couldn't agree more that the consumer scores should mirror the commercial scores, they are VERY misleading.

But take a minute to think about why they are different...If a consumer pulls his own report and is given a "Vantage Score" or a "Plus Score" they assume it's a true commercial FICO score.  They then apply for that mortgage/auto.

So who benefits from this?  The bureaus and FICO, they just sold 2 reports if not more (assuming the client continues to shop).

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  • September 08 2010
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If you are looking to get a mortgage then yes the credit report and even the FICO scores will be very different.  The only way to know where you truly stand with your credit is to have the bureaus pull it directly.  I believe each bureaus should be able to provide you with a credit report on there websites.  I am not sure what the fees are but that would be the best way to go.  If not, you can approach a mortgage company that uses a legitamate credit service that is sponsored by the credit bureaus and is the most effective and legitimate credit repair there is.  Each company that offers it has a different name for it and it is only offered through a bank or lender.  One lender I know has this program available is Quicken Loans.  you can look them up in Google to inquire about the service.  I hope my information has helped.  Good Luck.

Joe Sciarrino
  • August 26 2010
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Wetdawgs is absolutely correct -

Lenders see far more than the consumers do and this is a major problem out here ..

All these "free credit report" websites are selling useless, often outdated junk in my opinion

As a lender I'm going to pull whats known as a "tri-merge" report - My reports ae a blending of all three bureaus and contain far more accurate information than what a consumer can pull

The big three reporting agencies are all seperate, individual entities ..they don't always share information nor are they required to

Yes, the FCRA needs alot of work and help
  • August 24 2010
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No, and I think this needs immediate attention from those various regulators who are addressing all sorts of other consumer financial stuff.  A consumer should have direct access to the exact same numbers as lenders, but doesn't.

  • August 23 2010
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It depends because there are various types of credit pulls.
  • August 23 2010
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