Freddie Mac will cover one year of Jetty Credit for multifamily borrowers to help thousands of renters establish and strengthen their credit score
Jetty, the financial services company on a mission to make renting a home more affordable and flexible, announced that Jetty Credit is now a part of Freddie Mac’s renter credit building initiative. Jetty Credit is a service implemented by multifamily properties that facilitates the reporting of on-time rent payments to all three credit bureaus, giving renters the opportunity to build or improve their credit history.
“Establishing credit is a critical component of financial wellness and renters deserve credit for paying rent on-time each month,” said Mike Rudoy, CEO and co-founder of Jetty. “We’re proud to be working with Freddie Mac to bring Jetty Credit to more renters across the country.”
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Working with Freddie Mac deepens Jetty’s commitment to helping renters build a better financial future and improve or establish credit. “Renters can build their credit histories and improve their credit scores simply by having their on-time rent payments reported to the credit bureaus,” said Corey Aber, Vice President for Multifamily Mission, Policy & Strategy at Freddie Mac. “Together with Jetty we are scaling our renter credit building initiative goal and moving closer to our end goal to establish on-time rent reporting as an industry standard.”
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Alongside the Freddie Mac program, this development follows the recent launch of Jetty Credit as part of Fannie Mae’s Equitable Housing Finance Plan.
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