Difference between revisions of "FM SFLP.Co-Borrower Credit Score Current"
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== Definition == | == Definition == | ||
<b>Co-Borrower Credit Score Current</b>: A numerical value used by the financial services industry to evaluate the quality of borrower credit. | <b>Co-Borrower Credit Score Current</b>: A numerical value used by the financial services industry to evaluate the quality of borrower credit. | ||
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== Notes == | == Notes == | ||
| − | Represents the most recently available co-borrower credit score provided by Equifax to Fannie Mae for the reference loan. | + | * Represents the most recently available co-borrower credit score provided by Equifax to Fannie Mae for the reference loan. |
| − | + | * Starting with the July 2020 activity period, such borrower credit scores will be published as the mid point within a 5 point range. | |
| − | Starting with the July 2020 activity period, such borrower credit scores will be published as the mid point within a 5 point range. | + | * If the co-borrower credit score is not applicable or unknown, the value will be blank. |
| − | + | * The field belongs to the [[FM SFLP Template]] | |
| − | If the co-borrower credit score is not applicable or unknown, the value will be blank. | ||
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
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* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(3) | * Data Maximum Length: 9(3) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * Data Category: Counterparty | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
Latest revision as of 14:52, 17 May 2024
Contents
Definition
Co-Borrower Credit Score Current: A numerical value used by the financial services industry to evaluate the quality of borrower credit.
Credit scores are typically based on a proprietary statistical model that is developed for use by credit data repositories.
These credit repositories apply the model to borrower credit information to arrive at a credit score. When this term is used by Fannie Mae, it is referring to FICO Score 5 developed by Fair Isaac Corporation and provided by Equifax Inc and is distinct from the FICO Score referenced in Fannie Mae's Selling Guide.
Notes
- Represents the most recently available co-borrower credit score provided by Equifax to Fannie Mae for the reference loan.
- Starting with the July 2020 activity period, such borrower credit scores will be published as the mid point within a 5 point range.
- If the co-borrower credit score is not applicable or unknown, the value will be blank.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 72
- Column Label: CURR_SCOREC
- Data Type: NUMERIC
- Data Maximum Length: 9(3)
- Temporal Classification: Acquisition
- Data Category: Counterparty
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
