Property managers and tenants alike are navigating unknown waters as all 50 states unfold plans to re-open. What does this mean for rent payment, deferrment and evictions?
Snappt detected a fraud rate over 13% nationwide last month and helped property managers prevent $1.8M in bad debt in July.
What type of fraud are we seeing?
Template Farms produce and distrbute fake documents. Snappt has a database of these known template farms. Documents flagged in this way are known to be produced by these fraudulent shops.
Font Profile- Most major financial institutions use particular font profiles. Snappt checks for these known font profiles and can determine if a document that claims to be from Bank X has the correct font profile for that Bank. Documents flagged in this way failed that check.
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