When a mortgage broker shops around for a home loan and there are numerous inquiries on your credit report how long do they stay on your report?

Answer 1

While inquiries are displayed only 90 days on a typical credit report, they are factored into a consumer's credit score for 12 months for loans, 24 months for insurance purposes. Different scoring models also assess inquiries differently. Bureaus factor similar inquiries, like multiple mortgage companies or multiple auto financers, as ONE inquiry if those inquiries are performed within a certain period of time. There is also variation in how many points are deducted from the score for an inquiry. Consumers who have any public record items on their credit, like bankruptcy, foreclosure, tax liens or judgments, are hit harder for an inquiry than a consumer who has no public records showing.