When the application is submitted for a new mortgage, refinance, or renewal, a soft pull (credit check) may be completed, and it does not impact your credit score. A hard pull (FICO score credit check) is only done for all transactions requiring mortgage approval once you speak with an advisor and decide to proceed with nesto.
When you complete an online mortgage application to be approved, as stated in the application, we will need to do a hard pull credit check to qualify you for a mortgage.
Note: All mortgage lenders must perform a hard credit check as part of the due diligence requirements to validate a borrower’s creditworthiness and capacity.