Snappt, the leader in fraud detection for multifamily property managers, has officially announced the launch of its income verification solution, which joins the company’s newly-launched Applicant Fraud Detection and Income Verification Suite. According to certain reports, the stated solution comes bearing an ability to improve upon the way property managers make leasing decisions, thus ensuring a quick and secure application process. This involves, at its heart, an ability to detect fraud before it can make an impact on your operations. On top of that, it is also concerned, by and large, with helping property managers streamline operations, save a big chunk of their time, as well as reduce manual errors at every touchpoint throughout the application process. In case that wasn’t quite enough, then we must acknowledge how the solution further delivers at your disposal a connected payroll functionality, which by the way, can tread a long way when the agenda is to simplify the process of verifying an applicant’s salary and employment status. Talk about the whole value proposition on a slightly deeper level, we begin from the new solution’s pledge to leverage Snappt’s industry-leading fraud detection technology for the purpose of providing users with proprietary AI-powered fraud detection and prevention capabilities. Here, we can expect a set of advanced AI algorithms that, on their part, will enable you to spot a variety of fraudulent documents, flag fraudulent patterns, and check against a blacklist of known bad actors.
“Fraudulent applications and inaccurate income verification pose significant risks for property managers,” said Daniel Berlind, CEO of Snappt. “With our new Applicant Fraud Detection and Income Verification Suite, we empower our clients to make informed decisions confidently, mitigating risks and safeguarding their properties.”
Next up, we must get into the solution’s comprehensive income verification capabilities that allow users to quickly verify applicant income with unparalleled accuracy. This they can do through real-time income retrieval and connected payroll powered by Argyle. Not just comprehensive, Snappt’s latest brainchild also unlocks access to faster and more accurate ID verification. Such mechanics translate to an overarching facility which one can bank upon to confirm applicant identities with best-in-class biometric technology, along with front and back ID scans. Making the entire development even more valuable would be the fact that you can use the new solution to scan more than 4,600+ global IDs.
Founded during the year 2019, Snappt has today reached a point where eight out of top ten property management firms rely on its technology to reduce risk, bad debt, and evictions. A more concrete description of the same would reveal how the company has, thus far, achieved savings worth an estimated $5,133,120. Boasting an eviction rate of no more than 9.31%, Snappt has also helped its customer achieve a portfolio increase of around $102,662,400, while simultaneously improving their ROI by a whopping 3,565%.
