     Ann (Momof3) | Sunday, March 25, 2001 - 05:49 am 
I post at another board and there have been a few posters that recently had their merged reports pulled for a mortgage and received NO score from Experian. The mortgage companies didn't really give any explanation, it just appears that there was no score generated from Experian appearing on their reports.
I am curious if anyone has had this happen or if anybody has an idea what is going on with Experian?? |
| Christine Baker (Admin) | Sunday, March 25, 2001 - 10:35 am
I just looked at a tri-mergerd report that STATED that it included all 3 reports, yet there wasn't a single Experian account on it. And of course no score either.
Unless it's a tri-merged report that indicates which CRA reports EACH account (such as MoniTrust) they might be missing the entire Experian report and never know it.
Also, that's what happened on my "FICO is Fraud" reports. It's amazing how much the CRAs screw up, and unfortunate that most mortgage brokers don't care.
I think borrowers have a "right to know." |
| Shylock (Shylock) | Sunday, March 25, 2001 - 12:34 pm
You can't get a score unless you have an account that's been active for more than 6 months and an account that's been updated in the past 6 months. Is it possible that the person's accounts didn't get reported to Experian and that they didn't meet that requirement? |
| Ann (Momof3) | Sunday, March 25, 2001 - 12:57 pm
Shylock, if your question is addressed at my post I know that both the posters had many accounts that have been reporting for years and the one poster had this happen to them twice. The first time was a few months back they received 2 scores one from Eq and one from TU but no score came up with EX and then they had their reports pulled again during mortgage process still no score from Experian.
This could certainly throw a wrench in throwing out your low and high scores since they only had 2 to work with?? |
| Shylock (Shylock) | Sunday, March 25, 2001 - 01:33 pm
Fannie Mae requires that if only two scores are obtained that the lowest must be used. The 'wrench' may be wrenching lower interest rates from the borrower's grasp.
The most likely reason is that the tri-merged report supplier was unable to access Experian's databases at the time the request was run and so they just delivered a report sans Experian.
The second most likely reason is the one I mentioned above. |
| Christine Baker (Admin) | Sunday, March 25, 2001 - 02:01 pm
I agree with Shylock's "The most likely reason is that the tri-merged report supplier was unable to access Experian's databases."
This is just more evidence of the CRAs' total incompetence and disregard for errors.
After all, it wouldn't take more than a couple of minutes to add a few lines of code to add to the reports: if database not accessible, then print "ALERT - Experian not included - please try again later." |
