RESIDENT SCREENING
ResidentCheck is your custom solution for quality resident screening. We design the optimal screening program for you based on your business philosophies and goals. We don’t stop there! Our long-term partnership commitment, flexible program design, and exceptional customer care allow us to help you manage your risk tolerance and maximize Net Operating Income (NOI) in changing market conditions.
ResidentCheck offers a risk management solution that includes incorporating the best in screening reports, thorough criminal reports and a successful multifamily collection service into a validated program designed for your portfolio.
Since 1994 we have taken a partnership approach with our clients that transcends well beyond the traditional role of simply providing screening reports. ResidentCheck is an industry leader in innovative solutions that result in lowering risk and building value for our clients. We understand that our success is based on your success!
From the initial consultation to the detailed management reports validating the approval standards, ResidentCheck offers complete accountability. We support compliance with
your policies and Fair Housing guidelines by removing subjectivity in the approval process.
CREDIT SCORING OPTIONS
AccuScore
Our years of experience and understanding of the direct correlation between front-end screening and bad debt recovery lead to the development of our proprietary multifamily-specific credit risk score model, AccuScore.
AccuScore resulted from an analysis of over 1 million multifamily credit profiles, rental histories, and bad debt performance — making it truly relevant to the multifamily industry and has proven to reduce bad debt while maximizing occupancy.
The traditional “black box” credit models can result in approval for applicants with a reported housing debt or eviction. These models rank credit performance for the prior seven years with national credit trends. AccuScore, based on individual credit performance in the past twenty-four months, makes the credit analysis more relevant, and can automatically deny applicants with housing debts — regardless of other credit performance.
CUSTOM SCORING
ResidentCheck also accommodates custom credit scoring by designing a solution that can adapt to your current criteria for a seamless transition.
- Establish tradeline criteria factors (ex: exclude medical or student loan).
- Define time considerations (ex: consider last 24 months versus full 7 years of data).
- Review your current criteria for Fair Housing compliance, if requested.
THE RESIDENTCHECK ADVANTAGE
Either the AccuScore credit risk score model or the Custom Scoring credit model option can be tailored to your needs by application type, by community, or by portfolio.
We design custom service models for:
- Conventional Housing
- Affordable Housing
- Corporate Housing
- Student Housing
- Military Housing
- Senior Housing
- Independent Rental Owners
ResidentCheck further enhances the resident screening report with:
- Name and address variations
- Social Security Number verification
- DOB match
- Date of issuance
50-State Certified Eviction Judgment Records
- Screening companies that report eviction filings instead of eviction judgments can subject themselves and the management company they represent to costly risk.
- Click here for more information about Eviction Filings VS. Eviction Judgments.
- Our licensed in-house Private Investigations team review and report all eviction records for greater accuracy.
- Review years of proprietary collection records, rental histories databases and reported credit bureau housing debts.
- Bankruptcies, tax liens, civil class judgments are reviewed and reported for greater accuracy.
National Check Writing History
- To reduce your risk, we identify applicants with currently outstanding returned checks.
Previous ResidentCheck Inquiries
- This additional tool for verifying rental history is exclusive to ResidentCheck. We cross-reference to identify other communities where your applicant has previously applied, supplementing the Credit Bureau-listed inquiries. As communities are identified, they can then be contacted to ensure satisfactory lease performance.
Full Turnkey Verification Service
ResidentCheck offers a complete Full Verification option. Our verification specialists provide unbiased verification of income, rental, and employment history and will support compliance with your corporate approval guidelines. We do not receive a “leasing bonus” incentive or have a personal relationship with the applicant, making Fair Housing compliance simple.
Another innovative service available only at ResidentCheck is the ability to track real-time progress in the full verification process. You can access the verification report online and select to print the report or have an email or facsimile notification upon completion.
ResidentCheck’s licensed in-house private investigations team provide accurate criminal and sexual predator records. Click here for additional information about ResidentCheck criminal reports.
|