Vero, the modern leasing platform for owners and renters, thas added Vero Vett, a prequalification offering, to its leasing platform. Providing verifications in seconds instead of days, VERO Vett is designed specifically to prevent fraud across identity, income and employment — all before processing a leasing application. As a result, property managers save time and money, ridding themselves from the burdens of costly evictions and unqualified applications, while renters gain full transparency and understanding of their application via an encrypted workflow.
Benefits include: prequalifying applicants in seconds via an encrypted workflow; preventing fraud across identity, income and employment; standardizing criteria across applicants and providing transparency and predictability to renters.
With Vero Vett, property managers are granted complete control over setting objective applicant criteria, standardizing the process. Upon prequalification, Vero Vett autofills the application form with the data provided by the renter, allowing applicants to complete submission in minutes. With this model, Vero Vett prevents fraud before it even begins, granting property managers the confidence to approve quality applicants without the risk of fraud, while granting renters complete visibility into their application strength, the company said.
On average, it takes less than 17 minutes to apply and sign a lease with Vero, compared to the industry average of seven days.
