Vero, a screening and leasing platform for owners and renters, has unveiled Vero1, a rental application process product that pairs augmented artificial intelligence with a dedicated team of analysts to provide ready-for-decision applications to the operator. Purpose-built for enterprise, Vero1’s goal is to make the burdensome process of the enterprise application management process 10 times more efficient, returning valuable time and energy to under-staffed teams.
By providing verified data on income, employment, identity, documents, residential, credit, criminal and eviction in minutes, Vero1 delivers only ready-for-decision applications to the operator. This should dramatically accelerate leasing decisions, resulting in increased occupancy and dramatically higher rent collection rates. The product is launching with Gables Residential, an Atlanta-based owner-operator overseeing more than 31,000 units.
Benefits for enterprise operators and property managers, the company said, include reducing administrative tasks by 95%, saving time; increasing the size and depth of the candidate pool, a consistent and auditable workflow that ensure transparency and accountability and customer support that pairs a Vero analyst with AI-enabled components.
“Vero1 marks a turning point for the industry as we redefine what’s possible within the application process,” said Lou Baugier, CEO of Vero. “Working hand in hand with our partners to help solve their most pressing challenges, our goal has always been to save operators time and resources. VERO1 grants a new level of modular centralization, providing our forward-thinking partners with the tools they need to make rapid, informed decisions.”
