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TransUnion Offers Pay Data.(Brief article)

Mortgage Servicing News

| August 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

CHICAGO -- TransUnion here said it will gather rental payment history information to help credit grantors, including mortgage originators, make more informed risk, fraud and identity management, collections and marketing decisions. It is developing a rental payment database called RentBridge. Apartment owners and property managers can report rental payment data directly from their property management systems.

TransUnion made the announcement at the National Apartment Association Education Conference and Exposition in Denver.

Rent payments are typically not reported to TransUnion or to the other two national credit repositories, Experian and Equifax. Therefore renters have not seen the financial benefits of being on time with their monthly rent payment. On the other hand, the negative information of being late or even not paying rent at all, has also been omitted from their credit ...

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Source: HighBeam Research, TransUnion Offers Pay Data.(Brief article)

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