Steve
Corona,#2Consumer Suggestion
Tue, August 16, 2005
I am a mortgage broker and I will use New Century occasionally for the borrower that has sub-prime credit. I can log onto their "Fast Qual" site and upload the 1003 credit application that I have completed for my borrower. After uploading the app, I pull credit directly from their site. If your broker is shopping for a loan for you and he "Fast Qualed" you at New Century, that might explain what happened. It shouldn't hurt your credit score so long as you actually do get a new mortgage going. By the way, unless your credit is not so good, there is no reason that your broker should be shopping at New Century. I only use them if I can not place a loan with a prime lender.