1/5 of applications contain some form of fraud
50% of evictions result from application fraud
2.3M eviction filings per year (1 in 20 rentals)
It’s remarkably simple for applicants to use online tools to alter pay stubs and bank statements to fraudulently qualify for units that they otherwise wouldn’t qualify for. Even innocuous software like Adobe Acrobat can alter bank statements for fraudulent purposes.
You have tools to check identity, credit, and background for applicants, and they are important safeguards. But those tools will not spot the altered documents that fraudsters use today.
Manually checking documentation works sometimes. But, altered documents are increasingly sophisticated and digital manipulations are impossible to spot with the human eye. Verifying statements with the government and the IRS is also time-consuming and expensive.
No long-term commitments, flexible pricing options, 24-hour turnaround time
Snappt is the only platform that uses forensic analysis to check for discrepancies that signal document tampering.
Automation improves speed and affordability compared to other platforms
Snappt integrates into your leasing process, ensuring minimal business disruption
Snappt’s co-founders have 30 years’ experience in property management. We founded Snappt in 2017 when we were running our own property management companies and noticed the tools we had could not effectively detect renter fraud. So, we decided to solve this issue in the multi-billion dollar apartment rental industry once and for all. As a result, Snappt was born.
Our proprietary software minimizes the risks of renting to high-risk tenants and reduces rental income loss for some of the biggest property management companies in the world.