Jetty announces the launch of Jetty Credit

Jetty announced the launch of Jetty Credit, a new service that reports rent payments to all three credit bureaus, giving renters the opportunity to build their credit history.

Jetty Credit will launch as part of Fannie Mae’s Equitable Housing Finance Plan, which aims to remove barriers faced by Black homeowners and renters throughout their housing journey. As part of this program, Fannie Mae will fully subsidize Jetty Credit for a subset of renters who live in properties with existing Fannie Mae loans. Alongside the Fannie Mae program, Jetty will be making Jetty Credit available across its entire partner network, as well as the broader property ecosystem.

“The majority of renters are getting zero lift in their credit score for paying their biggest monthly expense and Jetty Credit has been designed to fix that. Jetty Credit fits perfectly into our broader suite of financial tools designed to help renters and we couldn’t be more proud to launch it with Fannie Mae, a company who shares in our mission.” – Mike Rudoy, Jetty’s co-founder and CEO.

“Fannie Mae’s Multifamily Positive Rent Payment Reporting pilot program helps renters build their credit history and improve credit scores, bolstering equitable access to credit. Jetty’s partnerships and technical integrations with owners of Multifamily rental units will help track timely rent payments and share the data with credit bureaus to be factored into a renter’s credit profile.” – Michele Evans, EVP and head of Multifamily, Fannie Mae.