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.
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Company Facts
Company Name:
Snappt
Company Location:
United States
Company Website:
www.snappt.com
Product Details
Deployment
SaaS
Training Options
Documentation Hub
Online Training
Video Library
Support
24 Hour Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English