Credit Bureau
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A credit bureau is a company that collects and maintains consumer credit data, with the three major ones being Equifax, Experian, and TransUnion.
What Credit Bureau means
Bureaus compile your payment history, balances, and inquiries into credit reports that feed your scores. Mortgage lenders pull all three and typically use the middle score. Errors on any report can affect your rate.
Florida example
A Florida buyer disputed a wrong late payment with the credit bureau reporting it. Once corrected, the middle score rose enough to improve the loan's pricing tier.
What it is
A credit bureau collects and reports your credit history. The three main ones are Equifax, Experian, and TransUnion.
Lenders pull your reports to set your score and terms.
Why it matters
Your bureau reports shape your rate and approval. Errors on them can cost you, so check them often.
We help you review and fix credit report issues. Reach out and we will strengthen your profile.
Related program: Learn more →