PHILADELPHIA, June 20,
2024 /PRNewswire/ -- Snappt, the leader in
fraud detection for multifamily property managers,
today announced the addition of income verification to its product
lineup. As part of their newly launched Applicant
Fraud Detection and Income Verification Suite, this
cutting-edge technology is poised to elevate the way property
managers make leasing decisions, ensuring a quick and secure
application process.
Fraud is evolving faster than ever, and traditional
methods of detecting fraud are no longer enough.
Snappt's latest suite confronts these challenges directly,
harnessing cutting-edge technology to offer holistic solutions.
Alongside its acclaimed fraud detection capabilities,
the newly introduced automated income calculation tool empowers
property managers to streamline operations, saving time and
reducing manual errors in the application process. Furthermore, its
connected payroll offering simplifies the process of verifying an
applicant's salary and employment status.
"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."
Snappt's Applicant Fraud Detection and Income
Verification Suite is backed by its industry-leading
fraud detection technology, renowned for its accuracy
and precision. Key features include:
- Proprietary AI-Powered Fraud Detection:
Leverage advanced AI algorithms to detect a variety of fraudulent
documents, flag fraudulent patterns, and check against a blacklist
of known bad actors.
- Comprehensive Income Verification: Quickly verify
applicant income with unparalleled accuracy through real-time
income retrieval and connected payroll powered by Argyle,
minimizing the risk of income-related fraud.
- Fast and Accurate ID Verification: Confirm applicant
identities with best-in-class biometric technology, front and back
ID scans, and the ability to scan 4,600+ global IDs.
Users can enjoy a seamless integration experience with their
current property management software by leveraging Snappt's
extensive partner ecosystem. These integrations optimize workflows
and significantly enhance operational efficiency, allowing for a
more streamlined and effective property management process.
Snappt's commitment to innovation and excellence emphasizes its
goal of empowering property managers with the tools they need to
thrive in today's competitive rental market. With the launch of the
Applicant Fraud Detection and Income Verification
Suite, Snappt reaffirms its position as the market leader in
transforming the multifamily industry through technology-driven
solutions.
Founded in 2018, Argyle is backed by top investors, including
Bain Capital Ventures, Bedrock, Checkr, Rockefeller Asset
Management, and SignalFire. Argyle is the leading provider of
direct-source access to real-time income and employment data. With
Argyle, companies automate critical workflows – including income
and employment verifications.
Snappt Applicant Fraud Detection and Income
Verification Suite will be available in Q3 2024. For more
information on the product, visit www.snappt.com.
About Snappt:
Snappt makes it radically simple to
trust an applicant's supporting documentation. Since its launch in
2019, its cutting-edge document fraud detection system
has reshaped the multifamily industry. Today, eight out of the top
ten property management firms rely on their technology,
significantly reducing risk, bad debt, and evictions. Their latest
innovation, the Applicant Fraud and Income
Verification Suite, is set to revolutionize the way property
managers make leasing decisions. Snappt has raised more than
$100M in funding from leading fintech
investors, and with a Net Promoter Score (NPS) of 76+, it is one of
the highest-rated proptech companies in the world.
www.snappt.com
Snappt Media Contact:
Stephanie McGuirk, Interdependence PR
(845) 269-8868
379363@email4pr.com
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