Audience
Property managers searching for a solution to detect fraudulent documents and prevent fraud
About Snappt
Applicants are falsifying financial documents like paychecks and bank statements and submitting them in their applications. In fact, 1 in 8 rental (12%) applications contains some type of fraud. The digitization of the rental application process has led to rampant application fraud. In the past year, 85% of property managers have experienced application fraud, which accounts for an estimated 25% of evictions. At $7,500 or more per eviction, this is an expensive problem. The best way to avoid evictions is to thoroughly screen tenant applications, yet it’s easier than ever for tenants to alter documentation, such as pay stubs and bank statements, so they can fraudulently qualify for units. Snappt flags those fake documents helping properties to greatly reduce costly evictions. Detect more fraudulent documents with advanced data-driven forensics methods. Streamline the application and screening process so you can make informed decisions quickly.
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Company Information
Snappt
United States
www.snappt.com
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Product Details
Platforms Supported
Cloud
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