Informed.IQ, a developer of AI-based software that verifies, streamlines and optimizes loan processing, has launched a tenant verification solution that leverages the power of artificial intelligence (AI) and machine learning. This offering will provide property managers and landlords the ability to calculate income from multiple sources in seconds, detect fraudulent income documents and leverage the power of Informed’s data consortium of over 15 million income records.
Informed’s advanced solution harnesses AI and machine learning, analyzing vast amounts of data swiftly and accurately, ensuring that property owners can confidently make informed decisions. Informed can instantly verify income, assets, residence and more, enabling real-time, reliable decisions without bias.
Informed’s tenant screening solution is a one-stop-shop for income verification and fraud detection for property management companies. The ability to classify, extract and verify income documentation provided along with the capability to integrate with other consumer permissioned providers or third-party vendors, supports a holistic verification solution.
While most people are familiar with identity theft and credit card fraud, rental application fraud is quickly rising. According to a recent study, 75% of multifamily tenant professionals have seen a rise in fraudulent documents from tenant applicants in the past year.
Key features of Informed’s AI and Machine Learning-Powered Tenant Verification include enhanced accuracy, as AI algorithms analyze data from multiple sources and documents; faster processing and instant detection of fraudulent income and residence documents.
The system continuously improves its algorithms based on new data and documents, ensuring that the verification process becomes more accurate over time.
“Our AI-driven tenant screening and income verification technologies are a perfect complement and extension of our existing portfolio of AI and advanced data-based suite of vertically focused solutions,” said Jessica Gonzalez, vice president of customer success. “Our goal is to provide our clients with the most effective tools to manage their properties and eliminate the manual burden associated with verifying renter income. By integrating AI and machine learning, we are setting a new standard for tenant verifications, offering unparalleled accuracy and efficiency. This technology not only enhances the security and reliability of the screening process but also saves valuable time for property managers and landlords.”
