Data and document validation is more critical today than itâs ever been. Scrutiny by Fannie Mae and Freddie Mac is increasing as quality control timelines are shifting to earlier after loan purchase, reviews are becoming more comprehensive, and targeted sampling of loans based on risk attributes is expanding.
Credit Education Â» Credit Score Basics Â» What is a Good Credit Score. For a score with a range between 300-850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most credit scores fall between 600 and 750.
If your score is labeled âexcellentâ, youâre golden. This always means you are in the upper echelon of potential borrowers in the opinion of the credit bureau or lender you received the rating from. It is the best credit score range there is. Youâve done a superb job managing your finances.