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#2260089 - 09/22/21 08:00 PM Key Factors on Credit Score Dislcoures
kmenard Offline
Member
Joined: Oct 2014
Posts: 67
For our mortgage loans we give the Credit Score Disclosure Exception instead of the Risk Based Pricing Disclosure. I understand that 4 key factors are listed and the fifth factor can only be "Number of recent inquiries affected the credit score" The problem is the credit report may list four factors and in the 5th spot list "08 - Too many inquiries last 12 months". Our loan operations area has been listing this on the Credit Score Disclosure Exception as the 5th factor...would that be ok or am I being to picky? The credit report may also list "08..." as the 2nd or 3rd factor on another report.

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#2260096 - 09/22/21 08:29 PM Re: Key Factors on Credit Score Dislcoures kmenard
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 80,355
Galveston, TX
They are the same thing. If that is number 2 or 3, then you are not going to have 5 reasons.
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