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.
While there are many credit scoring systems, it is generally accepted that any score above 720 (particularly on the FICO scale) is considered a GOOD credit score. To help you visualize this, hereâs a rating scale (recognize that there are no official brackets; this is just an approximation of a continuous range):