The Best Way to Qualify Thin-File Applicants

PRBC has partnered with Fair Isaac, the leading provider of analytics and decision management technology and makers of the FICO Score, to offer a comprehensive credit risk tool for assessing "thin-file" applicants.
PRBC Reports with FICO Expansion Score - Qualify Thin File Applicants


PRBC Reportssm with
FICO® Expansion® Score

PRBC Reportssm with FICO® Expansion® Score are a powerful predictor of credit risk which include:
  • Traditional tri-merge credit bureau data when available
  • Rental and bill payment data from PRBC's repository
  • Demand Deposit Account Data
  • Public Record Data
  • Non-traditional credit history data from third-party sources;
    • "Negative" information
    • "Positive" information
  • Property/Asset Data
  • Membership Club Data
  • Utility Data
FICO Expansion Score incorporates all these data elements when calculating the credit risk of individuals who have minimal or no credit history on file. The FICO Expansion score uses non-traditional credit data to create a score that aligns with the FICO credit score used today by most mortgage lenders, using the same 300-850® score range.

FHA & Fannie Mae Accept     PRBC Reports

FHA "provides guidance to lenders and underwriters for establishing and evaluating nontraditional credit histories..." which "must be considered for borrowers without traditional credit beginning..." on May 29, 2008.
Read FHA's Mortgagee Letter

"PRBC Reports comply with Fannie Mae standards for establishing the credit reputations of manually underwritten borrowers..."
Read full Fannie Mae quote

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If you would like to contact one of our featured lenders that accept PRBC Reports, or have other questions for a PRBC representative, please fill out our broker contact form below.
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