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.
The FICO credit score is what most banks and lenders use, and anything in the 660-720 range is considered a good credit score under the FICO model (the higher the better).However, there are more than 1,000 different types of credit scores, and they often utilize different score ranges.So, whatâs a good credit score under one model might not be considered good under another.owever, there are more than 1,000 different types of credit scores, and they often utilize different score ranges. So, whatâs a good credit score under one model might not be considered good under another.