04/22/2025
🔍 Just a Tip for My Fellow Mortgage Pros 🔍
Let’s talk about our favorite frenemy: credit reports.
Can’t live with ‘em… can’t do our jobs without ‘em.
But have you noticed the crazy cost increases lately?
I recently did some digging (think: Frodo on a mission 🧙♂️) and asked LOs and Branch Managers what they’re paying for credit pulls — and WOW. Here’s what I found:
📊 EQUIFAX: $44.25–$56.78 (single) | $113.56 (joint)
📊 PARTNERS CREDIT: $57–$80.94 (single) | Up to $155.69 (joint)
📊 FACTUAL DATA: $155 (single) | Up to $265 (joint)
📊 INFORMATIVE RESEARCH: $45.50–$55.75 (single) | $75 (joint)
📊 XACTUS: $50 (single) | $75 (joint)
➡️ These are just base prices — add in rescores, supplements, multiple pulls... and suddenly, your paycheck feels a little lighter.
Now, here’s the real tip:
Use UQUAL as your first line of defense.
When a client says their Credit Karma score is below 620, don’t rush to spend $50+ on a hard pull. Send them our way first.
During our free consultation, we’ll review their credit and determine if they’re Loan Ready — saving you time, money, and frustration.
👉 Work smarter. Protect your bottom line.
And stay tuned for Part 2 next week, where I’ll break down the trigger lead legislation that sparked all this in the first place.
