Mortgage LOX Maker: Credit Inquiry Explanation Letter
Make your own Letter of Explanation (LOX) for recent credit inquiries. Explain credit pulls and rate shopping to your mortgage lender. Generate instant PDFs for your lender with digital signature capture.
Your Information
Letter Preview
I, {{borrowerName}}, provide the following explanation regarding recent credit inquiries on my credit report.
Inquiry Details:
- Date: {{inquiryDate}}
- Creditor: {{creditorName}}
- Purpose: {{purpose}}
Explanation: {{creditExplanation}}
Status: {{status}}
I certify that the above information is accurate and that I have no outstanding applications or obligations with this creditor.
{{borrowerName}}
{{borrowerEmail}}
{{borrowerPhone}}
Borrower's Signature: {{signature:borrowerSignature}}
Date: {{signatureDate}}
Tips for Success
- Keep explanations brief and factual
- Attach supporting documentation when possible
- Review all information before signing
- Submit within 48 hours of your loan officer's request
Important Reminders
- All information must be truthful and accurate
- False statements may result in loan denial
- Keep copies for your records
- Contact your loan officer with questions
When To Use A Credit Inquiry Explanation Letter
Multiple Credit Applications
You applied for several credit cards, auto loans, or other credit within a short period.
Rate Shopping for Mortgages
You shopped with multiple lenders to compare mortgage rates and terms.
Credit Monitoring Services
Credit monitoring or identity protection services pulled your credit report.
Employer Background Check
A potential employer ran a credit check as part of their hiring process.
Rental Application
You applied for an apartment or rental property that required a credit check.
Common Scenarios Requiring Multiple Letters
Credit Inquiries + Credit Issues:
- Use this credit inquiry letter to explain recent credit checks
- Use our derogatory credit letter to address any credit issues
- Use our source of funds letter to show financial stability
How to Use This Credit Inquiry Explanation Letter Generator
Gather Your Information
Collect all necessary details and supporting documentation before starting the generator.
Complete the Form
Fill out all required fields in the generator. The preview will update in real-time as you type.
Review and Sign
Review your letter for accuracy, add your digital signature, and download the PDF.
Submit to Your Lender
Send the completed letter to your loan officer along with any supporting documentation.
Supporting Documents Your Lender May Need
| Document | What It Tells Your Lender |
|---|---|
| Credit report showing the inquiries | Provides additional verification and context for your situation |
| Documentation of rate shopping timeline | Provides additional verification and context for your situation |
| Employer or rental application confirmation | Provides additional verification and context for your situation |
| Credit monitoring service agreements | Provides additional verification and context for your situation |
Frequently Asked Questions
When will I need a credit inquiry letter?
Your loan officer will request a credit inquiry letter if a new credit pull appears on your credit report dated after your mortgage application date.
Do multiple mortgage inquiries hurt my application?
Multiple mortgage inquiries within 45 days count as one inquiry and won't significantly impact your credit score.
How long do credit inquiries stay on my credit report?
Credit inquiries remain on your credit report for 2 years but only affect your score for the first 12 months.
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