Fred Griffin Tallahassee Real Estate, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Rainer
280,818
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Vantage Score started in 2006 as a competitor for FICO (from the 3 credit cops) it has not recieved mortgage acceptance, yet. It is offered to consumers for free. Mortgage credit reports use more than FICO. Although we use the lowest middle FICO we also look at all the lines (for example student loans) and analyze for payments. Other tools are also used to check for BK/ foreclosure/ modifications/ divorce... full on snoop

Oct 16, 2018 04:07 PM
Rainmaker
298,427
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

There are several credit score models.

Fannie Mae currently utilizes the FICO score. The link below identifies the Fannie Mae requirements for credit scores.

https://www.fanniemae.com/content/guide/selling/b3/5.1/01.html

Oct 16, 2018 08:19 AM
Rainmaker
1,526,418
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

Yes, there are a few. 

We use FICO and simple credit carma.

Oct 16, 2018 09:39 AM
Rainmaker
1,991,606
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Interesting, thank you Fred. 

Example.

800 plus and it goes up and down +-10-15 points even no new inquires and credit cards paid in full.

Oct 16, 2018 09:32 AM
Rainmaker
3,707,518
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

I am out of the loop on this one!

Oct 16, 2018 08:17 AM
Rainmaker
801,404
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Thanks to the lending pros for their input.

Oct 16, 2018 08:04 PM
Rainmaker
1,315,892
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I've never heard of the vantage score.

Oct 16, 2018 05:23 PM
Rainmaker
3,729,942
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

"Reading" and learning.  Each and every day. 

Oct 16, 2018 10:09 AM
Rainmaker
5,975,228
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I am not familiar with VantageScore.

Oct 16, 2018 10:05 AM
Rainmaker
1,101,383
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Rarely deal with with people who have issues with credit. I send them to Credit Repair people. In our area 25-30% downpayment is often expected.

Oct 16, 2018 09:51 AM
Rainmaker
5,440,957
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I check my fico score every month for free with bank cards.... Am ex, visa, MC & Discover.... all have the same score.... 

Oct 16, 2018 09:04 AM
Ambassador
4,840,676
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Dont know much about the difference, but I am not a fan of using these as the sole determinant.  They do nothing to judge the character of the borrower.

Oct 16, 2018 08:20 AM
Rainmaker
1,763,557
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I'm eager to learn from this question Fred Griffin . Thank you for asking it.

Oct 16, 2018 08:19 AM
Rainmaker
5,001,825
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

FICO is what I know, but heck, there is always something new around the corner.  A

Oct 16, 2018 01:50 PM
Rainmaker
1,631,411
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

This whole change was supposed to help consumers push against these monopolies & NOTHING has changed. How depressing. I really do not get into it with clients unless they ask.

My score dropped 50 points just last week for no reason (I have Credit Karma) & with no changes. It's just a game.

Oct 17, 2018 05:23 AM
Ambassador
3,766,017
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I learned something from Caroline Gerardo - thanks, Caroline and thanks for the question, Fred.

Oct 16, 2018 09:19 PM
Rainmaker
4,432,971
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Oct 16, 2018 08:17 PM
Rainmaker
3,985,587
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't care what they use as long as it is good for my buyer

Oct 16, 2018 05:32 PM
Rainmaker
3,563,469
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Never even heard of Vantage Score, Fred.  I've not heard of any lending related institution using anything but FICO scores.

Oct 16, 2018 08:54 AM
Rainmaker
4,440,339
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not heard of the Vantage Score.

Oct 19, 2018 03:25 PM
Rainmaker
3,530,026
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I am going to call my lender now.

 

Oct 18, 2018 09:48 AM
Rainmaker
2,902,215
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Have an excellent credit score is all I care about.  

Oct 17, 2018 08:04 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good question.  I don't know the answer.

Oct 17, 2018 06:49 AM