PRBC Reportssm

PRBC Reportssm, now delivered with FICO® Expansion® Score, are consumer credit reports comprised of trade line accounts and payment history that have been reported from three possible sources:
Reported to a PRBC Business Partner by their customer and verified by PRBC using verification procedures and quality standards that meet and exceed those required by Fannie Mae, Freddie Mac, and the FHA.


Reported directly to PRBC by a consumer's bill payment service such as their bank, credit union, or specialty bill payment processor.


Reported directly to PRBC by a creditor or service provider as would be reported to a major credit bureau.
PRBC Reports contain trade line payment data on rent, mortgage, utility, telecom, insurance, child care, and other recurring bill payments that are not commonly reported to the traditional credit bureaus. A PRBC Report may be used as a Non-Traditional Mortgage Credit Report (NTMCR), as defined by the GSEs and the FHA, on a standalone basis or in conjunction with a traditional MMCR. 

PRBC Reports may be Merged, Tri-Merged, or Multi-Merged Credit Reports (MMCRs) containing in-file credit report information from Experian, Equifax, and TransUnion, along with trade lines reported to PRBC. 


Bottom Line: PRBC Reportssm with FICO® Expansion® Score are...

FAST: Payment Verifications can be completed and compiled in a PRBC Report and score in as little as 24 hours.

EFFICIENT: No more hassle with cancelled checks, numerous calls, and faxes. Just fill out a simple form - we take care of the rest.

HIGH QUALITY: Verifications are completed by FCRA-Certified members of the NCRA, using industry-leading Agreed Upon Procedures.

ACCEPTED: PRBC Reports are accepted by the GSEs, and are preferred by FHA for establishing and evaluating non-traditional credit histories.

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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