Where this was said
Anna in Raleigh: Builder's Preferred Lender vs. Churchill Mortgage
At 1:43:54 · chapter starts 1:41:50
Anna has no credit score (indeterminable) and is buying a new-build townhome. The builder's preferred lender is dangling $15,000 in closing credits in exchange for her self-reporting rent and utilities to generate a credit score. George warns that this tactic could backfire: any credit score that pops up becomes binding, and a mediocre score would actually hurt her underwriting. He and Jade recommend getting a full-loan estimate from the preferred lender and comparing it against Churchill's terms before deciding — the $15,000 incentive might evaporate in a higher rate or fees. George also takes the opportunity to explain no-score/manual underwriting in depth.
