ELOAN - TU Question 4da Experts

E-loans creditXpert score is derived from their own scoring model( which apparently is more accurate than TU's own score), how they determine that score is from the information contained within your TU report, but the score is not TU's, nor has anything to do with TU's scrore.

 

From what I understand and have seen reported on this site is that the E-Loan score is based on your TU report under a scoring system that is much like your FICO Score (range of 350-850). Your TU score from their website is in a range of 150-900 (or something like that).

It is weird though...My TU score is 720ish while my E-Loan score is 668, which is the reverse of yours (E-Loan being lower than TU).

Did you set up a new E-Loan acct. to check your current score?

 

Yes. At least it appear that way. I seem to remember other members of the board having their "mortgage" scores pulled, and the score that came back from TU (using the mortgage formula) was closer to what the member had pulled from E-loan, than what TU was reporting directly from their own score.

 

That would have been me. I think the numbers were TU 601, Emprica 672 (actual FICO score) and Eloan somewhere in the 680's (don't remember offhand).

 

mark,

I am closing soon on a new loan with Wells Fargo, killer terms, all you need is 670+ for your middle score. I think the vast majority of mortgage lenders are pulling all three and taking the middle score.

 

I didn't actually apply with eloan. I *am* going to apply this week however. My current lender had to pull more reports today because my preapproval is going to expire before my closing date. Since I've found out for sure that multiple mortgage inquiries do NOT impact my real credit score I told my lender to go ahead and pull my reports again now to see if my middle score is above 680 which will allow me to qualify at more favorable terms than my current middle score of 672 pulled at the beginning of the year.

Once I'm sure I have that 680 middle score I will apply at lending tree, eloan and ditech to see if I can get better terms.

If I don't have the 680 yet I am going to have my current lender pull my reports again in a couple of weeks once my reports update.

I'm litterally waiting as I type this for the lender to call back with my current scores.

 

What are your "killer" terms?

 

I just checked my e-loan score today & it went up 5 points since last week, but is about 70 points less than my TU score.

 

My Eloan score is 67 points lower than my TU score.