Screening by Burnt vs. LetFaster

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What is Screening by Burnt?

Burnt Screening provides an all-encompassing tenant screening solution designed for residential property managers and landlords alike. This cutting-edge platform simplifies the application procedure by utilizing a single link to forgo the cumbersome document collection; applicants can easily navigate through a mobile-friendly interface while their income and employment are directly verified from payroll systems. Furthermore, a range of checks—including identity, credit, background, and eviction—are carried out through partners who adhere to FCRA regulations. The findings are organized into a user-friendly dashboard that not only highlights discrepancies but also offers prompts based on the screening criteria and keeps a detailed audit trail for every applicant's record. Most background checks are completed in under 30 seconds, and the completion rate for applicants surpasses 95%, which is a remarkable leap from the traditional methods that often see rates below 40%. The platform effectively accommodates gig workers, freelancers, and other non-traditional earners, and it features a document-fraud fallback module specifically designed for affordable housing and compliance situations where documentation is essential. Pricing is conveniently structured per completed screening rather than per user, rendering it a cost-effective choice for property managers. With all six screening modules fully operational and easily accessible, Burnt Screening is poised to transform the tenant screening landscape, ultimately enhancing the efficiency and reliability of the rental process. This innovative approach not only improves the experience for landlords but also paves the way for a more inclusive rental market.

What is LetFaster?

LetFaster focuses on providing cloud-driven, automated solutions for Biometric Identification Screening, Fraud Detection, and Tenant Screening. Our cutting-edge Facial Recognition, Motion Detection, and Liveness algorithms leverage advanced AI and OCR technologies to verify global identity documents effectively. Identifying counterfeit IDs can be challenging, as they often pass all standard background checks, leaving organizations vulnerable to potential fraud and Anti-Money Laundering (AML) violations. Key Advantages: * Comprehensive Tenant Screening * Proprietary SaaS Portal, Not Relying on External Services * Ability to Identify Both Internal and External Fraud * Enhanced Security through Key-Based 2-Factor Authentication (more secure than SMS verification) * Strengthened Internal Controls * Streamlined Workflows: Boosting Operational Efficiency * Automated Setup for Offices, Properties, Buildings, and Owners * User-Friendly Interface: No Prior Training Necessary * Detailed Audit Trail * Robust Business Intelligence Features * Freedom from Mandatory Partnerships * No Major Upfront Costs Involved Additionally, our solutions are designed to adapt to the unique needs of each client, ensuring a tailored screening process that maximizes security and efficiency.