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November 30, 2007
First American CREDCO'S Anthem is Compliant with Freddie Mac's Updated Guidelines for Non-Traditional Credit
First American CREDCO announced that its Anthem(TM) RMCR product -- also known as the Anthem Report -- meets or exceeds Freddie Mac's updated guidelines for non- traditional credit. Part of the Anthem Suite(TM) of Services, Anthem RMCR is a solution for verifying Noncredit Payment References (NCPRs) and documenting those references on a Residential Mortgage Credit Report (RMCR), as noted in Freddie Mac's recent news release clarifying portions of their Single-Family Seller/Servicer Guide.
Available to mortgage professionals since 2004, the Anthem RMCR is a specialized Residential Mortgage Credit Report offering a cost-effective credit reporting solution for underserved consumers. Designed to help lenders qualify more borrowers who lack credit, it is fully compliant with mortgage loan underwriting and due diligence requirements for Government Sponsored Entities, including Freddie Mac.
Posted by S. Germain at November 30, 2007 09:42 AM