Tuesday, 16 August 2022 | The Latest Buzz for the Appraisal Industry

Guild Mortgage Launches Loan Program That Uses Alternative Credit Data Including Rent

Guild Mortgage has launched a new loan program that evaluates borrower eligibility using residual income analysis and rent payment history.

Guild’s Complete Rate program, powered by FormFree, offers an alternative method to measure credit risk for borrowers, the company says in a release.

Those with no credit score or credit history can opt-in to the program for a free assessment. If the borrowers’ FormFree report shows consistent rent payment history and good residual income



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