The income verification solution from Snappt, the market leader in multifamily property manager fraud detection, has officially launched alongside the 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. The ability to spot fraud before it affects your business operations is at the heart of this. In addition, it primarily aims to assist property managers in streamlining operations, reducing manual errors at each touchpoint of the application process, and saving a significant amount of time. 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. We can anticipate a collection of cutting-edge artificial intelligence (AI) algorithms here that, on their own, will enable you to identify a variety of fraudulent documents, flag fraudulent patterns, and compare them to a blacklist of well-known bad actors. “Fraudulent applications and inaccurate income verification pose significant risks for property managers,” said Daniel Berlind, CEO of Snappt. “We empower our clients to make informed decisions confidently, mitigating risks and safeguarding their properties with our new Applicant Fraud Detection and Income Verification Suite.” The solution's comprehensive income verification capabilities, which enable users to quickly and accurately verify applicant income, must be discussed next. Through Argyle-powered connected payroll and real-time income retrieval, they can accomplish this. In addition to being comprehensive, the most recent creation of Snappt grants access to ID verification that is both quicker and more precise. With best-in-class biometric technology, front and back ID scans, and such mechanics, the overall facility can be relied upon to verify applicant identities. The fact that the new solution can scan more than 4,600 global IDs makes the entire development even more valuable. 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 specific explanation of the same would reveal how the business has so far saved 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%.
