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What is Snappt?

People are falsifying financial documents, such as pay stubs and bank statements, to improve their chances of securing rental properties. Disturbingly, around 12% of rental applications exhibit some level of deception. The shift towards online application systems has notably escalated the incidence of this sort of fraud. In the last year, roughly 85% of property managers have reported facing fraudulent applications, which are linked to nearly 25% of eviction proceedings. Each eviction can incur costs exceeding $7,500, making this a significant financial issue for landlords. To reduce the likelihood of evictions, it is essential to perform thorough screenings of rental applications; however, the simplicity with which applicants can alter their documents makes this task challenging. Snappt plays a vital role in identifying these fraudulent documents, helping property managers dramatically decrease the rate of expensive evictions. By utilizing advanced data-driven forensic methods, landlords can uncover more cases of fraudulent documentation while also refining the application and screening processes for quicker, more informed choices. This proactive strategy not only safeguards property owners but also bolsters the overall credibility of the rental market and fosters a more trustworthy environment for both landlords and tenants.

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.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Snappt

Company Location

United States

Company Website

www.snappt.com

Company Facts

Organization Name

LetFaster

Date Founded

2018

Company Location

United Kingdom

Company Website

letfaster.tech

Categories and Features

Background Check

Not specified

Tenant Screening

Not specified

Categories and Features

AML

Compliance Reporting
Identity Verification
PEP Screening
Watch List

Artificial Intelligence

For Healthcare
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Process/Workflow Automation
Rules-Based Automation

Background Check

Employment Screening
Screening Services Integration
Self Service Portal
Status Tracking
Tenant Screening

Dashboard

Private Dashboards
Visual Analytics

Fraud Detection

Access Security Management
For eCommerce
Internal Fraud Monitoring

Identity Management

Access Certification
Compliance Management
Multifactor Authentication
Privileged Account Management
User Activity Monitoring

Real Estate

Not specified

Rental

Not specified

Rental Property Management

Credit Check
Owner Portal
Tenant Management
Tenant Portal
Tenant Screening

Reporting

Drill Down

Tenant Screening

Not specified

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