Understanding A Residential mortgage credit report (RMCR)

Residential mortgage credit report (RMCR) is a supplemental report that provides details on items that have been flagged in a merge report as a result of combining reports from Equifax, Trans Union and Experian.

Your lender may request a residential mortgage credit report when you are applying for a mortgage and the RMCR will contain combined information from at least two of the three national credit bureaus. It will check whether your residency, employment, credit scores, etc are compliant with or exceeding Fannie Mae, Freddie Mac, FHA, and VA guidelines.

The residential mortgage credit report (RMCR) is used by mortgage lending customers when different trade line verifications are needed, and includes features as verification and update of collection accounts, re-verification of disputed information, verification of liabilities, and other relevant items.