Still as timely as when you first posted … Bill, every week I see at least one customer or more who has made recent changes to their credit profile without having any understanding of the impact on their credit score. Just this week I had a customer tell me that they had scores of 785 and 751; only to find that the 785 had become 685. Fortunate for them … they were applying for one of our portfolio products, where we don’t price the loan based on credit score. If they instead had applied for a GSE eligible 30 year fixed … well it would have cost them 2.75 points or a 0.375% increase in rate. Really enjoy your posts … Paul
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