Rapid Rent Reporting provides the only available way today to quickly include a new tradeline for past rental payments on a consumer’s credit report. In about 5 days, the rental tradeline appears on the buyers tri-merge report and is included in automated underwriting by FNMA and FMAC as a TIER-1 tradeline. This can have a significant positive impact on findings; often turning a "refer" into an accepted loan.
Article ID: 1162, Created: April 16, 2015 at 8:01 AM, Modified: August 26, 2015 at 11:16 AM