FM SFLP.Co-Borrower Credit Score Current
From Open Risk Manual
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
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Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
