Good Morning!
Here's a credit tip for you...
If you have a tradeline on your credit report that you have disputed - and it's listed on your credit report that the "customer is disputing this account" - this can actually work against you when it comes to underwriting your mortgage.
The reason is that the dispute will downgrade your file to a manual underwrite. ...Even if we have an automated approval on you - it will still down grade your file to a manual underwrite.
...This instruction comes directly from HUD.
Manual underwriting isn't as kind to your file as automated underwriting. So keep this in mind when leave an account in a "disputed" status.
I hope you have a good day today. Thanks for reading!
Brett
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