Snappt’s Post

We're still thinking about National Apartment Association (Naahq) Apartmentalize 💥 We had such an amazing time connecting with other industry professionals and learning about the latest trends in the multifamily world. Our team loved educating attendees on the evolving landscape of fraud and how our Applicant Fraud Detection and Income Verification Suite can help property managers protect themselves and their residents. If you missed our announcement, head over to our website to check out Snappt's latest and greatest innovations coming your way ➡ https://snappt.com/

Last week, Snappt stole the show at NAA Apartmentalize in Philadelphia ✨ The week kicked off with our biannual Customer Advisory Board meeting, where we discussed current market trends and received valuable feedback from our clients, including Brookfield Properties, Bozzuto Management, Northwood Ravin, Pearlmark, and several other top operators. On Thursday morning, Snappt took the next step in the evolution of its product journey, launching our new Applicant Fraud Detection and Income Verification Suite. This fall, users will be able to access automated income calculation and connected payroll powered by Argyle, which will provide increased functionality and streamline the verification process for property managers. We met with key partners throughout the event, including Entrata, ResMan Property Management Software, and Yardi. We had nearly 100 client interactions with groups such as Greystar, Asset Living, Tides Equities, Trilogy Real Estate Group, and many more. Finally, in the spirit of “work hard, play hard,” the Snappt team attended the Ja Rule concert on Thursday night, hosted by Genesis and Bend. We had a blast meeting everyone and can’t wait for an even bigger and better Apartmentalize in 2025 in Las Vegas! 🎉

#Apartmentalize2024 is off to a great start 💫 Didn't get a chance to stop by today? Don't worry! You can still say hi to Sherlock tomorrow at booth #2007! Come chat with us about the latest fraud trends and our brand-new Applicant Fraud Detection & Income Verification Suite. We can't wait to see you all!

Today, Snappt is excited to unveil our newest product: Income Verification! 🎉 Property managers nationwide will be able to safeguard their communities with our comprehensive solution - the Applicant Fraud Detection and Income Verification Suite. This suite leverages our market-leading fraud detection technology, renowned for its impressive accuracy and precision. Key features include: 🔹 AI-Powered Fraud Detection: Leverage advanced AI algorithms to detect a variety of fraudulent documents, flag fraudulent patterns, and check against a blacklist of known bad actors. 🔹 Comprehensive Income Verification: Quickly verify applicant income with unparalleled accuracy through real-time income retrieval and connected payroll powered by Argyle, minimizing the risk of income-related fraud. 🔹 Fast and Accurate ID Verification: Confirm applicant identities with best-in-class biometric technology, front and back ID scans, and the ability to scan 4,600+ global IDs. Read more about our latest innovation here: https://lnkd.in/gqh67VBG

Today, Snappt proudly commemorates Juneteenth, a day of profound historical importance that symbolizes the liberation of the final enslaved African Americans in the United States on June 19, 1865. This day is not only a celebration of freedom but also a reflection on the ongoing journey towards equality, justice, and inclusion.

It's almost here! We're at National Apartment Association (Naahq) Apartmentalize THIS WEEK 🎉 Stop by booth #2007 to learn about the latest fraud trends and meet with our sales and partnerships teams to discover the groundbreaking innovations we’re bringing to the multifamily industry. It's not too late to schedule a meeting with our team! Setting up a meeting enters you for a chance to win a luxurious Hawaiian vacation 🌴 Book time with us here: https://lnkd.in/gnTZfHQF

How is CPN fraud affecting property managers? 🤔 CPNs, or Credit Profile Numbers, are often marketed to applicants as legitimate alternatives to Social Security numbers and to help hide poor credit history. Undetected, property managers risk not knowing their tenants' true identities, which can result in financial losses due to defaults, property damage, legal liabilities, and reputation harm. The good news? There are tools to help protect your properties from these devious types of fraud!

Snappt now integrates with RealPage! Our integration with RealPage is designed to simplify the leasing process for property management teams using RealPage Onesite. By automating the Snappt workflow after RealPage screening, we provide a seamless experience for both leasing teams and applicants 🎉 Learn more about our integration here: https://hubs.ly/Q02ByfSH0

What is Income Verification? 💡 Verifying income is a crucial step in the leasing process to ensure the applicant can afford the monthly rent. Thanks to digital technologies, the income verification process is easier than ever for applicants and property managers. Here are the most common methods used to verify income: ✔️ Automatic income calculation is an easy-to-use technology that swiftly and precisely sums up amounts from applicants’ documents. ✔️ Bank linking, also called open banking, allows property managers to confirm the applicant’s financial standing in real time. A step is added to the application process, allowing applicants to easily connect their bank accounts. ✔️ Payroll linking, or connected payroll, enables applicants to directly link their payroll provider to their application. ✔️ Document fraud detection reads into the metadata of an income document to ensure it hasn’t been manipulated. Fraud detection is essential to confirm the authenticity of applicant documents – if the document isn’t legitimate, verifying the income won’t matter. Discover the benefits of these methods and their pitfalls in our latest blog post: https://hubs.ly/Q02B5W3J0