logo
  • Home
  • Loan Programs
    • Conventional Loans
    • 5% Down Jumbo Loans
    • FHA Loans
    • USDA Loans
    • VA Loans
    • Self Employed loans (Alternate Documentation)
    • Investor Cash Flow DSCR Program
    • Investor Cash flow worksheet (DSCR)
    • Short Term Rental Loans (Air BNB / VRBO)
    • Foreign National Loans
    • Commercial Loans
  • Apply Now
  • Resources
    • Mortgage Basics
    • Online Forms
    • Mortgage Calculators
    • Loan Process
    • Credit Card Builder
  • Blog
  • Careers
    • Why Join Coast2Coast Mortgage?
    • Loan Officer New Hire Referral Program
    • Apply for a Loan Originator Position
    • Career Opportunities
    • Loan Officer Dashboard
      • Pricing Engine
      • WeMLO Processing
      • Marketing Toolbox
      • Listing Booster
      • Go Paperless Credit Authorizations
      • Zoom Meetings
      • G-Suite Learning Center
      • Employee Portal
      • Closed Loan Submission forms
  • Reviews
  • Locations
  • 1-888-456-9796
logo
  • Home
  • Loan Programs
  • Conventional Loans
  • 5% Down Jumbo Loans
  • FHA Loans
  • USDA Loans
  • VA Loans
  • Self Employed loans (Alternate Documentation)
  • Investor Cash Flow DSCR Program
  • Investor Cash flow worksheet (DSCR)
  • Short Term Rental Loans (Air BNB / VRBO)
  • Foreign National Loans
  • Commercial Loans
  • Apply Now
  • Resources
  • Mortgage Basics
  • Online Forms
  • Mortgage Calculators
  • Loan Process
  • Credit Card Builder
  • Blog
  • Careers
  • Why Join Coast2Coast Mortgage?
  • Loan Officer New Hire Referral Program
  • Apply for a Loan Originator Position
  • Career Opportunities
  • Loan Officer Dashboard
  • Pricing Engine
  • WeMLO Processing
  • Marketing Toolbox
  • Listing Booster
  • Go Paperless Credit Authorizations
  • Zoom Meetings
  • G-Suite Learning Center
  • Employee Portal
  • Closed Loan Submission forms
  • Reviews
  • Locations
  • 1-888-456-9796

How is a credit scoring model developed?

To develop a model, a creditor selects a random sample of its customers, or a sample of similar customers if their sample is not large enough, and analyzes it statistically to identify characteristics that relate to creditworthiness. Then, each of these factors is assigned a weight based on how strong a predictor it is of who would be a good credit risk. Each creditor may use its own credit scoring model, different scoring models for different types of credit, or a generic model developed by a credit scoring company.

Under the Equal Credit Opportunity Act, a credit scoring system may not use certain characteristics like -- race, sex, marital status, national origin, or religion -- as factors. However, creditors are allowed to use age in properly designed scoring systems. But any scoring system that includes age must give equal treatment to elderly applicants.

Mortgage Calculator

Our user-friendly calculator puts you in charge of estimating your mortgage payment.

Calculate Now

About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 376205
www.nmlsconsumeraccess.org

Sample Image

Contact Us

9050 Cypress Green Dr Suite 403
Jacksonville, Florida 32256
Phone: 1-888-456-9796
info@coast2coastmortgage.com

Disclaimers

  • Legal
  • Privacy Policy
  • Site Map
  • Customer Complaint Policy

Resources

  • Loan Programs
  • Loan Process
  • Mortgage Basics
  • Mortgage Calculators
  • Online Forms
  • FAQ
These materials are not from HUD, FHA, the USDA, or the VA. These materials were not approved by any government agency. They are independent of any government agency. We are not in any way affiliated with any organization listed or referenced within this website, including HUD/FHA/USDA/VA. The inclusion of various education, information, web links, or materials are not an endorsement of the Sender or any of its employees or business partners.
For information directly from HUD/FHA, visit http://www.hudclips.com
For information directly from the VA, visit http://www.benefits.va.gov/HOMELOANS/
For information directly from the USDA, visit http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS

LenderHomePage Footer Logo Powered By LenderHomePage.com