transitive verb. : to score (something or someone) again: such as. a : to give a new score, grade, or rating to (something or someone) …

What does it mean to rescore your credit?

The term "rapid rescore" refers to a process by which a mortgage lender submits proof to a credit reporting agency of recent changes or updates to account information that are not yet reflected on the credit report.

How long does a rescore take?

Credit report updates can often take 30 to 60 days. Rapid rescore will push these updates to the front of the line and can be available in as little as three days. Either method can give the lender a more accurate view of your credit history and can save you quite a bit of money.