Yardi becomes the first company to leverage both of Nova Credit’s financial inclusion-focused products: Credit Passport® and Income Verification
Nova Credit, the fintech unlocking opportunities for those historically excluded from the credit system and companies looking to serve them, has announced the availability of its income verification solution for Yardi® to offer its residential property managers. This technology enables users to perform fast, secure, FCRA compliant income and employment verifications through its ScreeningWorks® Pro resident screening solution.
“This marks an exciting expansion of our relationship with Yardi and a huge step toward ensuring more people can seamlessly get the housing that they need.”
Nova Credit’s income verification solution lets prospective renters verify their income by linking to a bank account or uploading a pay stub. This represents a new option for applicants who aren’t employed by a company that furnishes their payroll data to The Work Number® from Equifax, which Yardi has been offering for the last several years.
“For years, Yardi has leveraged our Credit Passport® product to help recent immigrants get their first apartment here in the U.S., and now they are making that process easier for a broader set of U.S. renters using our income verification product,” said Misha Esipov, co-founder and CEO of Nova Credit. “This marks an exciting expansion of our relationship with Yardi and a huge step toward ensuring more people can seamlessly get the housing that they need.”
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“ScreeningWorks Pro seamlessly incorporates credit reports, rental history, income and other publicly reportable civil or criminal data in the leasing process. Nova Credit’s income verification solution extends this capability by expanding our coverage, while mitigating fraud and delivering significantly higher income verification success rates without burdening our clients’ leasing agents with manual tasks. Applicants also benefit from fast and efficient verification, whether they work for a large or small company, are self-employed, or work in the ‘gig’ economy,” said Patrick Hennessey, vice president of resident screening for Yardi.
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