MicroBilt Corporation

MicroBilt offers a wide range of data products and services across the lending cycle from originations and underwriting through collections and debt recovery. Their products are available as APIs and through custom web portals. Among the company’s best-known products are:

• PRBC Consumer Report & Credit Builder - A consumer lending platform that leverages alternative credit data and allows consumers to contribute their own bill paying information to help improve their score.
• iPredict Advantage - An automated decisioning platform that leverages traditional and alternative credit data to assess consumer risk during lending assessments.
• Risk Verification Database (‘rVd’) - A prescreening product used to verify consumer identity and banking information in advance of lending and other business transactions.
• Instant Bank Verification (‘IBV’) - A real-time consumer financial data aggregator used to assess a consumer’s ability to repay a loan.
• Bank Account Verify Advantage (‘BAV’) - Helps lenders reduce underwriting risk by leveraging a consumer’s reported banking and loan history together to more precisely identify qualified borrowers and better predict loan payment default and was developed through current customers interviews and competitor products.
• ComplyTraq - A platform used to very a company’s compliance with federal and state lending regulations including FCRA compliance as well as the proper management and handling of consumer credit information.

Bloomberg's Company overview of MicroBilt, based on data independently collected by Standard & Poor's, lists the following acquisitions and incorporations:[1]

• 2002 - MergTech assets
• 2004 - incorporated MicroBilt Merchant Services and MicroBilt Financial Services
• 2005 - Profit Systems Software, Credit Data Systems Inc, Eclectic Data Systems Inc.
• 2005 - incorporated ComplyTraq LLC incorporated
• 2008 - acquired PRBC
• 2010 - incorporated MicroBilt UK Ltd
• 2010 - acquired CL Verify ("CLV"), formerly DP Bureau, a leading supplier of credit-related information to short term lenders

The Merchant services provided by MicroBilt Merchant Services are accredited by VISA. [2] This subsidiary also supports Remote deposit.[3]

Incorporated in 2004,[4] MicroBilt Financial Services acquired several companies in 1994, 1995 and 1996,[5] and used the name MicroBilt Financial Services Division on an interim basis. Some of their software products were internally developed and others were purchased.

Incorporated in 2002 as Pay Rent, Build Credit,[6][7] PRBC's Unique selling proposition is letting individuals detail their creditworthiness using verifiable data that is not used by the other major credit reporting agencies. Initial success factors included that individuals could self-register, and recognition by Fannie Mae, Freddie Mac, and Citimortgage.[8]

MicroBilt, which acquired PRBC in 2008, has continued to develop it, and released a major line extension in 2012.[9] To the public at large, PRBC is MicroBilt's most visible offering.[10] A year after the 2008 acquisition, some attention was attained with their “Personal info we’ve got to protect, because you know we don't want identify theft” rap.[11]

CL Verify, which provides identity verification and payday loan history reporting, was acquired in 2010 from DP Bureau[12] They compete with Teletrack, which is known for its consumer credit database used by sub-prime lenders and payday lenders. Somewhat prior to this acquisition, CL Verify had launched a Skip tracing service.[13]

Several recent books have used data from MicroBilt for research.

• Understanding Business Valuation: A Practical Guide to Valuing Small ...
• How to Sell a Business for the Most Money, Third Edition
• Valuing Professional Practices and Licenses - Pages 7-57[14]

As a holding company, MicroBilt Corporation began to attract significant earnings coverage by 1987.[15] The NY Times, in reporting on the limited use of on-time rental-payments by other major Credit Reporting Agencies, mentions that "MicroBilt... provides services including alternative credit reporting" and how "MicroBilt's data is used to generate FICO Expansion Scores, which are used for consumers who don't qualify for a traditional FICO score."[16]

• Credit score in the United States
• FICO

MicroBilt official web site