How Does This Happen?
I have an investor/client who has financed 4 homes this year. He buys thru an LLC or Trust but is personally named on the notes. NONE of the mortgages show up on his credit reports. He and I are both confused and I'm a mortgage industry professional.
C- 
This has happened to me b4. I had two duplex loans thru the same bank that took over a year to show up on credit reports.
1. It takes time.
2. Try a different credit bureau.
If the loans are non recource the he should not show up on the loans.
If the lender has recourse against him then I would think that he would show up as a cosigner.
I too had two properties which even now 5 years later have never show up on my credit reports even though they were refinanced in my name with no corp or LLC.
Now they were refied to pay off the former owner of the properties. No idea why but perhaps this is why.
I know, this is a real mind blower. He just did a loan on a house I wholesaled to him, it was a conventional loan and they Always do a tri-merged report.
C-
Mostly due to a lag of the credit reporting agencies. I've helped clients refi, pull money out, buy a new home, all owner-occ, with the same lender.
Did the trust have a seperate ID # ? If so, the lender may somehow have that number intheir records which would, of course not show up under your SS#.
Or it could just be bank error. My son has a mortgage that was paid off 3 years ago but still shows on his credit !!
[addsig]
What most of you are remarking on is that Credit Reporting Agents even on TriMerge do occasionaly go astray. But then I still remember the check I got from GM awarding me a discount of $4,000 on the car I never bought. Often wondered about that.
When you name yourself on a note and the supporting document, Mortgage or Trust Deed is recorded in another entity, it does discomboomerate the credit agencies for all they see or are told about is the supporting documents.
Sort of fun until you start to foreclose. The Trustee freeks out. How to get around this is very simple. You substitute Trustee and name someone who will not freek out. You can if you like and are an orderly type then add another conforming name on the note which is done in the following manner. John D. Johns / The Power Corp. whatever.
Dealing with large corporations which hire masses of little people, is always kicky cause they do make some dramatic errors. These errors can sometimes be converted to profits for the observing and alert investor.
Observing Lucius
Might this issue have to do with whether you're dealing with the consumer/personal side of a bank vs. the commercial side?
I'm trying to get financing on some properties held in an LLC. I've talked to both sides of several banks. There seems to be quite different treatment of how they handle the credit agency reporting. I believe I was told that if me and my partner's LLC were to take out a commercial type loan, they would have each of us sign the note guaranteeing it but no one's credit would be touched.
On the consumer side, they said that only one of the members need sign but it would appear on that persons.
While I understand mistakes might be make, does anyone out there know what the lender's general procedure is?