One of the most popular scoring models is the FICO ® score, which uses a five-category scoring model that weighs payment history (35%) amounts owed (30%), length of credit history (15%), new credit (10%), and credit mix (10%). Read more about what makes up your credit score.

Easily make monthly payments, check your FICO® Score, or access important mortgage documents—all within the secure Mr. Cooper mobile app. Download it on the App Store or Google Play and start learning new ways to use your home as your most powerful asset.

Breakdown. Here are the key elements included in your monthly statement, along with a visual guide to help you locate them: 1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanat...

Check Your Credit Score. Lenders use your credit score as one factor when determining your loan amount and interest rate. Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax) to evaluate your credit score.

Some government-backed programs make it easier for borrowers with lower credit scores to qualify for mortgages. You may hear FHA loans mentioned. These are loans backed by the Federal Housing Administration.

A verification of mortgage (VOM) is an official statement that verifies your existing loan terms and provides a rating of the payment history, including if the loan was current or delinquent for each month listed. It reflects only the most recent 12 months of your loan, exclu...

Lenders use your credit score as one factor when determining your loan amount and interest rate. Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax ) to evaluate your credit score.

How To Get Your Pre-Approval Letter. Mr. Cooper offers a simple, fast, and free Pre-Approval process. Just provide some basic information (income, assets, etc.), we’ll do a soft credit check that won’t impact your credit score, and then we’ll either provide your Pre-Approval letter...

Lenders use your credit score as one factor when determining your loan amount and interest rate. Most use credit reports from the three primary credit bureaus (Experian, Transunion, and Equifax) to evaluate your credit... Review Your Financial Health. Check Your Credit Score.

Help Center - Mr. Cooper. https://www.mrcooper.com/help-center/search?q=points&source=global. We'll discuss the difference between your interest rate and your annual percentage rate (APR) and how discount points affect your monthly payment. If you have specific questions or want to t...