What is the website mortgage lenders use to check your credit?
Answers:
Could be any or all three of the U.S. credit bureaus.
Don't they go directly to the credit bureaus?
They draw from to see in detail what you are doing.
Then they make their own evaluation.
Larger Mortgage Lenders typically have a commercial/business account next to a vendor, such as first american as one example, where they can get hold of reports and FICO scores as reported by the three major bureaus: Transunion, Experian, Equifax. The commercial commentary enables a massive accounting/billing process to be facilitated which a lender cannot win using a consumer website. Also the commercial account is set up to ensure that the inquiry reflects the given name of the lender. Again a consumer website will not do this given those websites are not set up to receive "consent for credit" which is required by law in directive for a lender to pull someone's credit when they have applied for credit - the commercial justification addresses the provisions for consent for credit. The commercial account also enable the lender to check the credit history of a current borrower when the lender is reviewing their account for possible marketing of additional credit offer, or to increase credit balance, or to decrease credit strip, etc.... those types of inquiries do not appear as an inquiry on the credit report.
So hence why they don't use "website" type vendors like myfico.com or freecreditreport.com, etc.... freshly to name a couple of website driven credit report vendors/companies that cater to consumers.
They use the commercial equivalent of myfico.com to get your evaluation.
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