Credit Score definition

Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

Credit Score. With respect to any Mortgage Loan, a numerical assessment of default risk with respect to the Mortgagor under such Mortgage Loan, determined on the basis of a methodology developed by Fair, Xxxxx & Co., Inc.

Credit Score. For each Mortgage Loan, (a) if two credit scores were obtained at origination, the lowest score of the two, and (b) if three scores were obtained at origination, the middle of the three. When there is more than one applicant, the lowest of the applicants’ Credit Scores will be used. There is only one (1) score for any Mortgage Loan regardless of the number of borrowers and/or applicants.

Examples of Credit Score in a sentence

• Credit Score The first step into obtaining a loan is to run a credit check on yourself which can be purchased for $30 from either TransUnion, Equifax, or Experian.

• Borrower Qualification Date 20090914 YYYYMMDD If a Vantage Credit Score was obtained “19010101” if unknown 93 Credit Report: Longest Trade Line The length of time in months that the oldest active trade line, installment or revolving, has been outstanding.

• Borrower Qualification Numeric – Integer 2 9 If a FICO score was obtained >0 89 VantageScore: Primary Borrower Credit Score for the Primary Borrower used to approve the loan and obtained using the Vantage credit evaluation model.

• Borrower Qualification Numeric – Integer 720 9999 If a Vantage Credit Score was obtained >= 501 and <= 990 90 VantageScore: Co-Borrower Credit Score for the Co-borrower used to approve the loan and obtained using the Vantage credit evaluation model.

• Borrower Qualification Numeric – Integer 2 9 If a Vantage Credit Score was obtained >0 92 VantageScore Date Date Vantage Credit Score was obtained.

More Definitions of Credit Score

Credit Score. The credit score for each Mortgage Loan shall be the minimum of two credit bureau scores obtained at origination or such other time by the Seller. If two credit bureau scores are obtained, the Credit Score will be the lower score. If three credit bureau scores are obtained, the Credit Score will be the middle of the three. When there is more than one applicant, the lowest of the applicants' Credit Scores will be used. There is only one (1) score for any loan regardless of the number of borrowers and/or applicants.

Credit Score means the lowest average credit score of all borrowers on a mortgage insurance application. Average credit scores are calculated by averaging the score obtained from both Equifax and TransUnion for each borrower on the application. This is a key measure of household financial health.

Credit Score means a mortgagor's overall consumer credit rating, represented by a single numeric credit score using the Fair, Xxxxx consumer credit scoring system, provided by a credit repository acceptable to Lender and the Investor that issued the Purchase Commitment covering the related Mortgage Loan (if a Purchase Commitment is required by Exhibit H).

Credit Score means an attempted numerical quantification of a person's creditworthiness or credit history.

Credit Score means a measure of creditworthiness derived from summarising and expressing data based only on a pre-established statistical system or model, without any additional substantial rating-specific analytical input from a rating analyst;

Credit Score. With respect to any Mortgage Loan, the credit score of the related Mortgagor provided by Fair, Xxxxx & Company, Inc. or such other organization acceptable to the Initial Purchaser providing credit scores at the time of the origination of such Mortgage Loan. If two credit scores are obtained, the Credit Score shall be the lower of the two credit scores. If three credit scores are obtained, the Credit Score shall be the middle of the three credit scores.

Credit Score means a credit risk score as defined by the