Tenant Screening | Fraud Detection Software | Proptech | Snappt
Snappt, a real estate technology business located in Los Angeles, offers data-driven fraud detection software that can effectively detect counterfeit documents. Four of the top five property management companies in the United States utilize Snappt.
Snappt’s software assists property managers in effectively screening tenant applications and detecting illegally manipulated financial data such as pay stubs and bank statements. This aids property managers in avoiding bad debt and expensive evictions, as well as keeping high-risk tenants away. Currently, one out of every eight applicants (12.2 percent) falsifies their applications. Snappt saved its clients more than $105 million in bad debt in 2021 by spotting this scam.
Features:
Reduce Fraud by Having Confidence
With new data-driven forensics approaches, you can detect more fake papers.
2. Manual Screening
Streamline the application and screening process so you can make rapid judgments based on the information you have.
3. Tenants are being screened more quickly.
Streamline the application and screening process so you can make rapid judgments based on the information you have
4. Cost-cutting
Using our automated solution, you may save time assessing paperwork and evicting tenants.
Workflow:
- Applicant fills out existing Rental Applications.
- The Applicant receives a link to Snappt’s document upload portal via email
- Applicant uploads their financial documents to Snappt
- Snappt sends an authenticity analysis to the leasing team
In short, Snappt is a Data-driven fraud detection software that spots fraudulent financial documents other tenant screening tools ignore.
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