Tri-Merge Credit Reports in Mortgage

08 Apr Tri-Merge Credit Reports in Mortgage

Here is an interesting infographic from the people at the credit bureau called Equifax that provides information from a study by Andrew Davidson and Company where they analysed the potential impact on the mortgage ecosystem of changing the credit score tri-merge standard to a bi-merge or a single score standard. One of the key insights is that credit score uncertainty and mortgage pricing differences increase under a single or bi-merge compared to using the traditional tri-merge standard, which utilises the median (middle) of three sores.

(Click to enlarge)

Infographic by Equifax