Independent Rental Owners (IRO's) facing the challenge of
finding qualified renters now have an alternative. Through our partnership with
the National Apartment Association, ResidentCheck has designed a program that
provides IRO's the in-depth resources used by professional management companies
- at value pricing previously only available to REIT's and large-volume
national property managers.
Our $10.00 individual Credit Package report includes:
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Custom Credit Approval Score
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National Eviction Search (50 states) |
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National Check Writing History
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SSN Verification
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SSN Fraud Detection
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Name and Address Variations
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ublic Records (bankruptcies, tax liens, civil class judgments)
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Our $8.00 individual National Criminal Package includes:
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National Database Criminal Check |
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National Sexual Predator Database Check |
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21 Separate Terrorist, Most Wanted, Fugitive Database Searches |
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Homeland Security OFAC (Office of Foreign Asset Control) Terrorist List Search |
NAA's IRO members can combine both packages for additional
savings.
Credit Package + National Criminal Package - only $16.00 per
applicant!
The Fair Credit Reporting Act requires credit reporting agencies and tenant
screening companies to qualify customers and companies to establish a
legitimate purpose for purchasing a credit report. Anyone that would like to
view a credit report and the trade lines must meet stringent guidelines that
include a site visit of their business by a credit bureau approved certified
third-party inspector. These inspection reports cost $95.00 and do not guaranty
acceptance.
As an alternative to this inspection and inspection fee, ResidentCheck offers
an approval decision based on your level of bad-debt risk tolerance using our
multifamily-specific credit risk score model, AccuScore.
You simply determine which option you prefer and we provide you with the
approval decision! It's that simple.
ResidentCheck Credit Scoring
AccuScore
ResidentCheck's predictive credit risk model, AccuScore, was designed
specifically for the multifamily industry after analyzing over 1 million credit
profile summaries in comparison to resident screening and multifamily
collection records and has proven to reduce bad debt and delinquency.
We understand that occupancy demands often determine the amount of acceptable
credit risk that is appropriate. Our custom scoring models allow you to select
the risk tolerance you are comfortable with and we do the rest!
Instead of you viewing the credit bureau report and trade line details, we
remove the subjective review for additional Fair Housing compliance and score
the credit report based on the model you have selected.
Choose from These 3 Score Models:
Low Risk Tolerance
moderate and high risk applicants are denied.
Medium Risk Tolerance
moderate risk applicants are accepted with additional conditions, high risk
applicants are denied.
High Risk Tolerance
moderate applicants are accepted with additional conditions, high risk
applicants are accepted with stricter conditions.
You will also be notified of Social Security Fraud, Housing Debts, Unpaid
Evictions and Criminal Convictions.
Our report will return a response of:
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Approved |
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Approved with Conditions (you
determine the condition - additional deposit, guarantor, etc.) |
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Denied |
How do I sign up?
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You must be a member of the National Apartment Association to
receive these services and prices. Please note: membership in most regional and
local apartment associations automatically includes NAA membership. For
additional information about NAA visit
www.naahq.org/membership/iroc/. |
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2) |
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Fill out the Membership Form and once we have verified the information you have
provided, a Customer Service Representative will contact you by the next
business day with instructions on how to use ResidentCheck. |
For added convenience, you simply pay by credit card when
you order each report. A printed on-line receipt is provided for your records.
If you have further questions, please contact us at
sales@residentcheck.com.
We appreciate your interest in ResidentCheck and look forward to working with
you!
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