KeyCredit 3

MoreThanData provides support for credit reporting of your homeowners' mortgage history in Keystone. MTD also offers services for filing homeowner payment histories with Credit Reporting Agencies.

Most Habitat For Humanity affiliates use credit reports to qualify prospective homeowners, but many do not provide Habitat homeowner payment history for others to use. Affiliates who want to submit homeowner mortgage payment history to a Credit Reporting Agency may have neither the technical skills to provide this information to the agency in the required computer format, nor the minimum mortgage volumes required by the agency. MTD offers both the credit reporting utility - KeyCredit - to properly format the information as well as consolidation services so you don't have to worry about whether you have enough mortgages to participate.

There are several reasons why affiliates should report credit history:
  1. Reporting is a responsibility of our partnership. If a Habitat homeowner keeps their mortgage payments current, their credit rating will improve - if reported - and they will qualify for lower interest rates on additional credit purchases such as car loans!

  2. Since we use other companies' data to help us qualify prospective homeowners, we have some obligation to provide our information to them to help them qualify Habitat homeowners as their prospective customers.

  3. It takes less than 30 minutes a month to process approximately 150 mortgages with this program. Otherwise, lenders have to call the affiliate directly for credit information. It doesn't take many of these calls before the affiliate will be spending more time answering these calls than it would take to do the credit reporting and not have to respond to these calls.

  4. If an affiliate responds, ad hoc, to a request for credit information, there is a legal risk that something may be said that is inappropriate. This program uses Metro 2 Format (the industry standard), which insures compliance with federal and state laws and therefore reduces the legal risk of providing this information.

  5. If a homeowner is entitled to a good credit rating but is unable to receive one due to an affiliate's refusal to provide credit information, the affiliate is doing a disservice to the homeowner. Thus, at some level of business, there is a legal obligation to provide this information.
KeyCredit properly formats your homeowners' payment history into the industry standard Metro 2 format described above. MTD also coordinates the consolidation of the credit reporting information into a single file for submission to the Credit Reporting Agencies under the name Habitat For Humanity. (This is similar to a bank making a monthly submission which includes the information from all its branches.) Within this file, each affiliate is identified by its own unique Tax ID/EIN. Currently we report to TransUnion and Equifax, but as participation increases, we can afford to report the same data to Experian and Innovis as well.

This service was previously offered by Knoxville Habitat for Humanity. They have now transitioned the role of consolidator to MoreThanData, Inc.

Please read the following documents before you decide to proceed with credit reporting. We suggest you read them in the order in which they are listed. These documents are in PDF (Adobe Reader) format.
  1. Introduction Letter

  2. Product and Service Description

  3. Fair Credit Reporting Act (FCRA); To obtain the latest version of FCRA, download it from the Federal Trade Commission's (FTC) web site at http://www.ftc.gov/os/statutes/fcradoc.pdf.

  4. Data Furnishers Reporting Agreement

  5. Credit Reporting Order Form
We also suggest that your review the KeyCredit Help Library where you can learn much more about how the program works.

If you have any questions, contact MTD Support by phone toll-free at 1-800-455-5617, or via e-mail at keycredit@morethandata.org.

For a version history of KeyCredit, please see the KeyCredit Version History page.



How to Order

You can order by check by printing the Credit Reporting Order Form and mailing it to us with a check. Also include a completed and signed copy of the Data Furnishers Reporting Agreement.

To order using PayPal, go to our Order page and select the "KeyCredit - Credit Reporting Utility" option. You will still need to complete, sign, and mail a copy of the Data Furnishers Reporting Agreement to MTD. Note: You do not need a PayPal account to order by credit card.

Our current rate for providing KeyCredit and the Consolidation Service is $20 for the distribution of the KeyCredit software; and $2* per mortgage per year for the Consolidation Service. (* minimum of $50 a year, maximum of $500)

Invoicing for the Consolidation Service is done annually, after the service is provided. Mortgages that are processed for less than a year will be prorated. Our processing year is the calendar year, January through December, with invoicing done in February.

Our mailing address is:

MoreThanData, Inc.
1101 Ferncliff Way
Knoxville, TN 37923