• Mortgage Loan Officer Help and Careers

  CREDIT REPORT FEES GOING UP 2024

  Posted by Gustan Cho on December 30, 2023 at 1:40 am

  Does any loan officers know how much tri-merger credit report fees will be increased to?

  Susan replied 2 years, 9 months ago 4 Members · 5 Replies

  • Credit Report Increase
  • credit reports
• 5 Replies

• 

  George

  Member

  December 30, 2023 at 1:58 am

  We use Informative Research and the soft inquiry reports for 2 borrowers are going to 60.00. Full reports are going to 80.00

• 

  Alex Carlucci

  Member

  December 30, 2023 at 2:06 am

  Thats bad news at the worst time.

• 

  Gustan Cho

  Administrator

  December 30, 2023 at 2:07 am

  Happy New Year, George. We use Advantage Credit and our soft pull on Experian is two dollars per borrower on Experian and six dollars for Equifax and Transunion. Our tri-merger hard pull is $65.00. Don’t know what will go up to.

• 

  Susan

  Member

  December 30, 2023 at 7:31 am

  Who pays for the credit report? Does the borrower pay or loan officer?

• 

  Susan

  Member

  December 30, 2023 at 7:34 am

  Soft pull for 60 and hard pull 80, why not just do hard pull

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