Credit Score definition

Credit Score means a composite numerical score scaled from 0-100 as calculated by PJMSettlement that incorporates various predictors of creditworthiness.

Credit Score. With respect to any Mortgage Loan, a numerical assessment of default risk with respect to the Mortgagor under such Mortgage Loan, determined on the basis of a methodology developed by Fair, Xxxxx & Co., Inc.

Credit Score. For each Mortgage Loan, (a) if two credit scores were obtained at origination, the lowest score of the two, and (b) if three scores were obtained at origination, the middle of the three. When there is more than one applicant, the lowest of the applicants’ Credit Scores will be used. There is only one (1) score for any Mortgage Loan regardless of the number of borrowers and/or applicants.

Examples of Credit Score in a sentence

• Should the bidder (if a company) fail the commercial credit score check, the Secretariat will be entitled to commence negotiations with the second preferred bidder subject to that bidder (if a Company) having passed the Equifax Credit Score and so forth.

• Key Terms:Proceedings of Redevelopment Agency Board Meeting January 16, 2024 • Loans for Physical Improvement and Real Estate Purchases Under $25,000o Loan Amount: Loans will provide up to $25,000.o Background Check: Required.o Credit Score: No minimum.

• Please state the following: Annual Previous Year Year 2 Turnover: £ £ Or For individual consultants, please confirm that your annual turnover is twice the value of the Contract you are applying for: YES Please note, the successful bidder (if a company and not an Individual) may also be checked for their Equifax Financial Credit Score.

More Definitions of Credit Score

Credit Score. The credit score for each Mortgage Loan shall be the minimum of two credit bureau scores obtained at origination or such other time by the Seller. If two credit bureau scores are obtained, the Credit Score will be the lower score. If three credit bureau scores are obtained, the Credit Score will be the middle of the three. When there is more than one applicant, the lowest of the applicants' Credit Scores will be used. There is only one (1) score for any loan regardless of the number of borrowers and/or applicants.

Credit Score means the lowest average credit score of all borrowers on a mortgage insurance application. Average credit scores are calculated by averaging the score obtained from both Equifax and TransUnion for each borrower on the application. This is a key measure of household financial health.

Credit Score means a mortgagor's overall consumer credit rating, represented by a single numeric credit score using the Fair, Xxxxx consumer credit scoring system, provided by a credit repository acceptable to Lender and the Investor that issued the Purchase Commitment covering the related Mortgage Loan (if a Purchase Commitment is required by Exhibit H).

Credit Score. With respect to any Mortgage Loan, the credit score of the related Mortgagor provided by Fair, Xxxxx & Company, Inc. or such other organization acceptable to the Initial Purchaser providing credit scores at the time of the origination of such Mortgage Loan. If two credit scores are obtained, the Credit Score shall be the lower of the two credit scores. If three credit scores are obtained, the Credit Score shall be the middle of the three credit scores.

Credit Score means a measure of creditworthiness derived from summarising and expressing data based only on a pre-established statistical system or model, without any additional substantial rating-specific analytical input from a rating analyst;

Credit Score means an attempted numerical quantification of a person's creditworthiness or credit history.

Credit Score. With respect to any Home Equity Loan, the numerical designation obtained from credit reports provided by any credit reporting organization used to assess a borrower's credit-worthiness and the relative degree of risk a borrower represents to a lender, as determined in accordance with the applicable underwriting criteria.