How Do Mortgage Companies Average the Score on All 3 Credit Reports?
How Mortgage Lenders Use All Three Credit Scores
Your credit score is a major driver in whether an automated underwriting system (AUS) such as Fannie Mae Desktop Underwriter or Freddie Mac Loan Product Advisor will approve your mortgage. Understanding how lenders interpret all three credit scores can help you prepare for FHA, VA, USDA, Conventional, or Kentucky Housing Corporation financing.
Why Mortgage Lenders Pull All Three Scores
Lenders use a tri-merge credit report that pulls information from the three national credit bureaus:
Equifax
Experian
TransUnion
Each bureau uses a different scoring model, which is why your three numbers are rarely the same. These differences are normal and expected.
