I Originated mortgages for 15 years both commercial and residential. I will tell you unequivocally that the scoring system picks winners over losers everyday. The truth of the matter is that the credit scoring system did not exist nationally until the early 1990. I am of the opinion that the credit scoring system should not be used to deny people credit I believe the credit scoring system should only be used for the lender to determine If they should get the payment for a loan directly from the borrowers income source or if they should allowed send their payment in.

Lastly the lending industry has been taking advantage of the American public by cherry picking the borrowers that they want to do business with as opposed to giving the entire public the capability to take advantage of the credit products available.