Property Owner Fact Sheet

Positive rent payment reporting is the submission of renters’ monthly on-time payment to the credit bureaus (Equifax, Experian, and TransUnion) for inclusion in the calculation  of a consumer credit score.

Rent payment reporting has been identified as a tool to support renters and create opportunities to achieve financial goals.

These companies provide the technology capabilities to report positive rent payments to credit bureaus. Depending on the platform, companies may provide additional services such as:

• Offering emergency rent loans at 0% interest.
• Providing budgeting solutions to help renters stay current.
• Reporting up to 24 months of previous on-time payments.

There are three fintech partners in the pilot program. Visit this page to learn more about the fintech partners and connect with them to get started. These partners will confirm eligible loans/properties with the Fannie Mae Multifamily product development team.

Eligible properties include loans that are active Fannie Mae debt as well as having five or more years left to maturity.*

To make it as quick and easy as possible, vendors integrate with most property management software and/or have teams that support the onboarding process. However, onboarding times can vary by vendor.

Each vendor has a different fee structure. Detailed cost analysis can be found on the webpage here. On average, the cost for a property is about $1.50 – $1.60/unit/month (which will be annualized). There are also some onboarding fees that vary from vendor to vendor.

We are only reporting positive payments to the credit bureaus. Vendors may offer different programs to support renters with late or missed payments. Review the specific vendor’s offering to understand how a missed rental payment is handled.

Fannie Mae works directly with the vendor to pay for one-year of services. No action is needed by the property owner once they've contracted with their selected vendor.