Experian has launched a trended data report option for mortgage lenders.
The company has not discontinued traditional credit reports in introducing the change the way other credit bureaus did.
"We allow the lenders to choose if they want the trended data," said Paul DeSaulniers, Experian's senior director for risk scoring, trended data solutions and collections.
Fannie Mae in September began requiring mortgage lenders that use the government-sponsored enterprise's
Fannie hasn't had a requirement related to Experian's trended data, but the agency has indicated it would accept the information as part of the tri-merge credit reports the mortgage industry and investors have traditionally used.
"We're still working with the GSEs [on that], said DeSaulniers.
Experian also released new trended-data analytics based on trade-line level analysis of consumers' credit-related spending and estimated interest rates.
Trended data shows borrowers' debt loads for credit products over time rather than as a snapshot at a single point in time.
Fannie has been initially focused on collecting credit card time-series data from single-family lenders using its automated underwriting system.
