Rent Reporting Initiative — Coming 2026

Better Credit.
Better Opportunities
for renters.

A rent reporting platform that turns the largest payment most renters make — their monthly rent — into the credit history they need to buy a home, finance a car, or grow a small business. Free for renters served through nonprofit partners.

~85,000RI adults credit-invisible
+28 ptsaverage credit-score lift
$2.07M3-yr 6-state grant total
The Problem — Two Converging Crises

Renters pay rent reliably,
but the credit bureaus don't see it.

America has a homeownership problem and a credit-access problem — and they compound. A renter paying $1,500–$2,500 a month on time for years has demonstrated extraordinary creditworthiness. Without a credit history, none of it counts toward a mortgage application.

26M
Credit-invisible U.S. adults

Americans with no credit history at any of the three bureaus — with millions more holding files too thin to score.

CFPB Data Point: Credit Invisibles
~$114K
Income to afford a median U.S. home

Roughly the household income now required to afford a median-priced home — far beyond what most renters earn.

National housing affordability estimates, 2025
+28pts
Average credit-score lift from rent reporting

Independent outcome data from rent-reporting programs — often the difference between a denied and an approved mortgage.

Boom Pay, RentReporters & Credit Builders Alliance

The income to buy is roughly double
the income to rent.

In metro after metro, the household income required to qualify for the median home is about twice the median renter's income. Closing that gap starts with getting renters mortgage-ready — and that begins with a credit score that reflects the rent they already pay on time.

U.S. Census ACS · national rent-vs-own affordability

And now, rent finally counts.

The Federal Housing Finance Agency has cleared Fannie Mae and Freddie Mac to accept VantageScore 4.0 — a model that reads on-time rent as a credit tradeline. For the first time, the rent a renter already pays can move the score lenders actually use.

FHFA · 2026
The Solution — AI-Powered

Turn monthly rent into credit history,
then into a mortgage application.

RentCredit submits on-time rent payments to Experian, TransUnion, and Equifax on behalf of credit-invisible renters — free when delivered through nonprofit and housing-authority partners. With Fannie Mae and Freddie Mac now accepting VantageScore 4.0, that on-time rent feeds directly into mortgage eligibility.

A clean five-step pipeline

Each step accountable to a specific regulator, partner, or outcome — not a black box.

Launching in English and Spanish, with more languages to follow — built for the renters most often left credit-invisible.

N° 01
Renter signs up via web or mobile in under 10 minutes — identity verified, lease uploaded.
N° 02
Bank account linked via Plaid — the same connectivity used by Venmo and most major fintechs.
N° 03
Rent payments auto-detected from bank transactions, matched against the lease — up to 24 months of past payments eligible for backfill.
N° 04
On-time payments reported to all three bureaus in industry-standard Metro 2 format. Late payments are not reported — the renter cannot be hurt.
N° 05
Credit history accumulates, typically within 30 days — opening eligibility for first-time-homebuyer programs, auto loans, and small business credit.
3-Year Roadmap — From Pilot to Sustainability

Grant-funded pilot in Year 1.
Earned-revenue ramp by Year 3.

Designed for fiscal sustainability from day one. Direct-to-consumer subscriptions and property-manager B2B revenue close the gap as the platform scales — grant dependency falls from 86% in Year 1 to 39% in Year 3.

Year 1
Pilot
Renters
300
Cost
$110K
Grant ask
$95K
Year 2
Scale
Renters
1,500
Cost
$207K
Grant ask
$101K
Year 3
Sustainability
Renters
5,000
Cost
$347K
Grant ask
$134K

By Year 3, the program targets ~5,000 active renters and an estimated ~140,000 aggregate FICO points generated — the difference, at scale, between renters denied for a mortgage and renters approved.

Founder

Built to close the credit-to-homeownership gap.

Omar Catlin is a licensed insurance broker and the founder of LifeCatlin Insurance and Project5Pi. He is building RentCredit to close the credit-to-homeownership gap for renters — using AI infrastructure already in production for his other businesses.

RentCredit partners with — not against — community organizations. It's mission-first: free to renters through nonprofit partners, with outcome data used to prove impact, never sold. The program is built to be accountable to the renters, partners, and funders it serves.

CompaniesLifeCatlin Insurance · Project5Pi
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