tysonbodavis Posted April 11, 2008 Report Posted April 11, 2008 Just curious, I am looking to start the process on a 1st time home mortgage. my husband (3 - 30 - days)and I(1 30 days) have a few late pays on our credit. does anyone know the process(once broker sends proof to credit bureaus) for a rapid removal how long it takes to be processed?
isislc Posted April 11, 2008 Report Posted April 11, 2008 Only your mortgage broker or company you go through can request a rapid rescore. The CRAs can't do it for you.
Ahntara Posted April 12, 2008 Report Posted April 12, 2008 RR is typically completed within 3 - 5 business days. If your documentation is of high quality, it can be even faster. Someone pays for the speed of this, either you or your broker. It can be costly. $35 per item, per bureau plus the cost of a new CR. Double that if joint applicants are also joint account-holders.
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