American First Financial and Realty
12223 Highland Ave Suite # 601
Rancho Cucamonga, CA 91739
American First Financial and Realty
12223 Highland Ave Suite # 601
Rancho Cucamonga, CA 91739
To develop a model, a creditor selects a random sample of its customers, or a sample of similar customers if their sample is not large enough, and analyzes it statistically to identify characteristics that relate to creditworthiness. Then, each of these factors is assigned a weight based on how strong a predictor it is of who would be a good credit risk. Each creditor may use its own credit scoring model, different scoring models for different types of credit, or a generic model developed by a credit scoring company.
Under the Equal Credit Opportunity Act, a credit scoring system may not use certain characteristics like -- race, sex, marital status, national origin, or religion -- as factors. However, creditors are allowed to use age in properly designed scoring systems. But any scoring system that includes age must give equal treatment to elderly applicants.
Pre-qualify for a loan in a few simple steps
Fill out your Secure Application
See what our clients are saying:
We've been helping customers afford the home of their dreams for many years and we love what we do.
NMLS: 350803
www.nmlsconsumeraccess.org
12223 Highland Ave Suite #601
Rancho Cucamonga, CA 91739
Phone: (951) 312-0440
kenn@american1st.net
Powered By LenderHomePage.com