MicroBilt Corporation
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 1978 |
| Headquarters | , |
Area served | United States and others |
| Products | Credit history |
Number of employees | 185 (2022) |
| Subsidiaries | Connect (formerly PRBC) |
| Website | www |
MicroBilt Corporation is a U.S.-based credit reporting agency specializing in alternative credit data solutions. Established in 1978, the company has strategically grown through acquisitions to position itself alongside major competitors.
Its affiliate, Connect, allows consumers to report their bill payment behavior directly, aiding in the enhancement of their credit ratings.
Additional subsidiaries concentrate on business credit evaluation and services tailored for sub-prime lending markets. MicroBilt’s offerings enable businesses to evaluate risk among consumers who lack extensive traditional credit records, facilitating credit access for new demographics and broadening commercial prospects.
History
Since its inception in 1978, MicroBilt has expanded by acquiring multiple entities, including:
- 2002 – Assets of MergTech
- 2004 – Formation of MicroBilt Merchant Services and MicroBilt Financial Services
- 2005 – Acquisitions of Profit Systems Software, Credit Data Systems Inc, Eclectic Data Systems Inc.
- 2005 – Establishment of ComplyTraq LLC
- 2008 – Purchase of PRBC
- 2010 – Launch of MicroBilt UK Ltd
- 2010 – Acquisition of CL Verify ("CLV"), formerly known as DP Bureau, a prominent credit data provider for short-term lenders
Operating as a holding entity, MicroBilt achieved notable earnings recognition by 1987.
In 2014, The New York Times featured MicroBilt’s contribution to alternative credit reporting and its role in supporting FICO Expansion Scores for consumers without conventional FICO ratings.
Products
MicroBilt delivers a range of data-driven products and services designed to assist with lending processes including origination, underwriting, collections, and debt recovery. These solutions are accessible through APIs and tailored web interfaces. Major offerings include:
- iPreview – A verification platform providing a sophisticated initial assessment of application information for financial institutions.
- iPredict Advantage – An automated decision-making system that integrates traditional and alternative credit information to assess consumer risk profiles.
- Risk Verification Database (‘rVd’) – A prescreening resource that confirms consumer identity and banking details prior to lending or transaction approval.
- Instant Bank Verification (‘IBV’) – Consolidates consumer financial data to evaluate loan repayment capacity.
- Bank Account Verify Advantage (‘BAV’) – Mitigates underwriting risks by combining banking records with loan history to identify eligible borrowers and forecast default likelihood.
- MLA – Assists lenders in adhering to Military Lending Act regulations when serving military members and their families.
Services
- MicroBilt Merchant Services – A Visa-authorized merchant services branch that facilitates remote deposit capabilities.
- MicroBilt Financial Services – Founded in 2004, this segment grew through acquisitions made during the mid-1990s and offers a combination of proprietary and acquired software solutions.
- MicroBilt Connect – Initially launched as Pay Rent, Build Credit (PRBC) in 2002, this division allows consumers to report alternative credit information not typically captured by major credit reporting agencies. PRBC, acknowledged by entities such as Fannie Mae, Freddie Mac, and CitiMortgage, was acquired by MicroBilt in 2008 and rebranded as MicroBilt Connect in 2020. It stands as one of MicroBilt’s most prominent products with continuous enhancements to its offerings.
- CL Verify – Purchased from DP Bureau in 2010, CL Verify specializes in identity authentication and payday loan history reporting, serving as a competitor to Teletrack within the subprime lending sector. The service also includes skip tracing capabilities that were established prior to its acquisition.
Books using MicroBilt data
MicroBilt’s data has been referenced in numerous publications focused on business valuation, the sale of enterprises, and assessing professional practices.
Sponsorship
Since 2014, MicroBilt has actively participated in sports sponsorships, most notably backing Ronnie Stewart in the AMA Motocross Championship, thereby boosting brand recognition through strategic marketing efforts.