PRBC Reportssm with FICO® Expansion® Score
Qualify More Applicants, Close More Loans
A PRBC Reportssm with FICO® Expansion® Score is a credit report from the nation's leading alternative credit bureau that contains active "non-traditional" monthly trade line data for rent, mortgage, utility, phone, insurance, and other recurring bill payments. A PRBC Report may be merged to contain in-file credit report information from Experian, Equifax, and/or TransUnion.
Qualify More Applicants
PRBC Reports meet or exceed FHA and the GSE's standards for establishing and evaluating non-traditional credit histories.
Mitigate Risk
PRBC has established the most up-to-date practices for validating identities, non-traditional credit trade lines, and PRBC Reports are delivered with a FICO Risk Score.
Save Time and Money
PRBC Reports save originators and underwriters time and effort. PRBC's simple online form replaces the hassle of collecting cancelled checks, and making numerous phone calls and faxes. Lenders reduce processing costs by using independently verified data, provided in standard bureau format, in each PRBC Report.
Automation of Alternative Credit
PRBC Reports are delivered in a secure MISMO-like format through a host of industry leading credit providers, and can facilitate the ability for use in automated underwriting.
PRBC Reports may be used as a Non-Traditional Mortgage Credit Report (NTMCR), as defined by the GSE's and preferred by the FHA, as found in:
FHA's 04/08 Nontraditional Credit Verification and Evaluation Mortgage Letter 08-11.
Ready to build a PRBC Credit File?
