Drive More Business with PRBC Reports
Building loan approval and pricing criteria around positive payment history with PRBC is a straightforward way to expand your reach and manage risk in underserved customer segments.PRBC Reports include independently verified trade line data, and are available through your current online origination systems. Payment history on "non-traditional" trade lines is formatted similarly to traditional credit lines and allows for customized approval criteria based on:
- Type of accounts (rent, utility, phone, etc.)
- Number of accounts
- Length of payment history
- Size of payments
- Timeliness of payment
a traditional FICO score. Fannie Mae and Freddie Mac recognize PRBC Reports and underlying data verification procedures as meeting their underwriting guidelines for non-traditional credit data.
Bottom Line: A partnership with PRBC will deliver more qualified borrowers to your business.
To learn how PRBC can help grow your business, fill out our Information Request form, or call us at 1-877-772-2123.
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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
