Property managers are trusted with a major asset, and renting it to the wrong person could be disastrous. Between showing units and juggling multiple interested renters, it’s not always easy to check for identity fraud risk in the midst of the application process.
CoreLogic, a property data, analytics and services provider, has announced a partnership with ID Analytics, a credit and fraud risk solutions company, that will incorporate an identity risk assessment and verification system called ID Score into the rental application process using CoreLogic’s Rental Property Solutions software.
The partnership expands CoreLogic’s resident statistical screening by providing access to comprehensive and timely consumer information that sheds light on any history of fraudulent behavior.
This means property managers will be better equipped to ID potential identity fraud in addition to predicting the risk of rental payment default — and therefore make more informed leasing decisions.
“This collaboration is significant,” said Richard Leurig, senior vice president, Rental Property Solutions, in a press release. “By integrating identity verification into our applicant workflow solution, our clients will be able to access broader and deeper information that not only predicts the likelihood a resident will fulfill their lease obligations, but also helps them avoid doing business with applicants who misrepresent themselves.
“It builds on our ongoing commitment to deliver data-driven insights to power workflow solutions our clients need to achieve exceptional business results.”