Fair Isaac Corp., Minneapolis, and Payment Reporting Builds Credit, a credit information repository based in Annapolis, Md., have announced the introduction of the PRBC Credit Report With FICO Expansion Score, a credit risk-management tool for mortgage lenders.The new tool will combine Fair Isaac's FICO Expansion Score with the PRBC Credit Report, which includes rental and bill payment data, nontraditional credit history data from third-party sources, and traditional tri-merge credit bureau data (when available). The FICO Expansion Score will incorporate the data when calculating the credit risk of individuals with minimal or no credit history on file, the companies said. "PRBC's alliance with Fair Isaac is an important step toward freeing mortgage lenders from the expensive and time-consuming manual underwriting procedures they encounter when they try to lend to people who have little or no documented credit experience," said Michael Nathans, founder of PRBC. The companies can be found online at http://www.fairisaac.com and http://www.prbc.com.

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