I don't want my credit pulled before you tell me what you can do?

[Account Closed]

We in the Mortgage Industry hate when borrowers try to shop like this when they know they have credit issues and/ or need Outside the Box financing.

Let me get this straight, you have cooperated and provided complete applications, all your documentation and allowed other lenders to pull credit, and found your situation is very complicated and has many issues. 

But now, knowing you have issues, you want to stop cooperating and provide less info and refuse to allow the lender you stumbled across, who can actually help you,  to obtain something a basic as a current Mortgage Credit Report?

Awesome!  We love spending a week wasting time, shopping lenders to then finally be able to pull a current Mortgage Credit Report, only to find the borrower's scores are not 721, but 640 and the report says..."Hold or Cash Reward at the bottom of the report!" ha 

So how do you avoid racking up inquiries? 

1. Don't chase online or TV rates as they are all VERY BEST CASE and there is a reason they have that un-readable disclaimer paragraph that flashes at the bottom of the screen

2. Fill out a complete URLA (Uniform Residential Loan Application) / (aka 1003 or industry slang known as the Ten'O Three) and have ready to send to lenders WITHOUT your Soc. Sec., #

3. Ask for the Credit Score Disclosure page of the Mortgage Credit Report from the first lender that pulls credit.

4. Go to   and obtain a free credit report to send to lenders with #2 & #3.  Federal law requires each of the three nationwide consumer credit reporting companies - Equifax, Experian and TransUnion to give you a free credit report every 12 months if you ask for it.

5. Be cooperative and do NOT be a know it all, because regardless of how many properties you've obtained loans on in the past, it means Nothing in today's post DODD FRANK ACT / TRID, over regulated mortgage industry!

The absolute WORST borrowers are prior Mortgage Brokers as they have just enough inaccurate and outdated knowledge from a time that no longer exists to contently show their ignorance and cause problems the entire way!