Latest news with #Snappt
Business Wire
a day ago
- Business
- Business Wire
Snappt to Launch AI-Enabled Verification of Rent Powered by Trigo to Combat Fraud and Improve NOI
LAS VEGAS--(BUSINESS WIRE)-- Snappt, the leading platform for applicant trust in multifamily housing, today announced at NAA Apartmentalize the upcoming addition of Verification of Rent (VOR) powered by Trigo. In addition to VOR, Snappt is expanding its platform with enhanced Verification of Assets (VOA) and bank account linking—now supported by a new partnership with Mastercard's open banking platform, delivered by Finicity. These enhancements are part of Snappt's expanded Applicant Trust Platform, providing comprehensive financial verification backed by real-time data and best-in-class fraud protection. Verification of Rent, powered by Trigo, enables property managers to automatically and accurately verify applicant rental payment history, eliminating the need for manual outreach to previous landlords. This streamlined process provides reliable assessments for prospective renters, identifying applicants who are 4x more likely to default based on verified rent payment history that traditional credit reports miss. It also helps boost occupancy rates by proving reliable rent payment history for applicants who may have otherwise been denied. With less than 5% of rental history available through traditional credit reporting, VOR delivers 25x more coverage than credit bureaus and achieves over 80% verification success, compared to the industry standard of under 50% (collected manually via the leasing agent). This gives property managers the comprehensive rental payment data they need to confidently approve qualified renters and reduce risk. 'Leasing should be fast, secure, and grounded in trust,' said James Hyde, CEO at Snappt. 'Property managers today are under increasing pressure to move quickly without sacrificing accuracy. We are addressing this need and setting a new standard so operators can make decisions with greater confidence and less manual effort.' Key features of Snappt's Applicant Trust Platform: Verification of Rent (VOR): Automated, reliable verification of an applicant's rent payment history. Bank Account Linking: Reduce friction for applicants by offering the option of instant verification and speed up application processing. Verification of Assets (VOA): Approve creditworthy applicants with significant assets who may not meet traditional income requirements, directly improving occupancy rates and NOI. Industry-Leading Fraud Detection: Snappt's proven AI-driven detection technology and fraud forensics team have analyzed over 13 million documents, ensuring accurate results. Connected Payroll: Direct integration with 90% of US payroll providers instantly verifies income and employment status in real-time. ID Verification: Best-in-class biometric technology, complete with 30+ checks on an ID and the ability to scan 4,600+ global ID types. These new capabilities build on Snappt's mission to set the standard for fast, secure, and trusted leasing decisions. By expanding its verification platform, Snappt continues to help property managers stay ahead of fraud, accelerate approvals, and protect the integrity of their communities. Stop by booth #345 at Apartmentalize to learn how Snappt is redefining trust in multifamily. To read more about these latest offerings, visit About Snappt Snappt is the leading verification platform built for the multifamily housing industry. Snappt uncovers the truth behind every application—detecting fraud and verifying identity, income, and assets—so operators can confidently approve qualified residents and protect their communities. As the market leader for fraud detection, Snappt has analyzed over 13 million documents with an impressive accuracy rate of 99.8%. They are the only fraud detection company that conducts proactive fraud research, and they were recently ranked #1 in AI on the Inc. 5000 list. Visit
Business Wire
2 days ago
- Business
- Business Wire
BetterNOI and Snappt Join Forces to Fight Fraud and Streamline Leasing
LAS VEGAS--(BUSINESS WIRE)--BetterNOI, a leading technology provider for the multifamily industry, today announced a strategic partnership with Snappt, the leader in fraud detection for residential apartment property managers. The collaboration brings Snappt's advanced fraud detection technology into BetterNOI's Enhanced Verification process, streamlining applicant verification, reducing manual review, and easing the workload for busy leasing teams. As part of this partnership, Snappt's fraud detection is embedded directly into the BetterNOI application process. It scans uploaded documents and delivers results within minutes to minimize delays and reduce manual review. 'Our internal verification department works directly with applicants, walking them through the process of uploading documents, freeing property teams to focus on delivering a better leasing experience,' said Jessie Oliver, Vice President of Product and Experience at BetterNOI. 'By integrating Snappt, we reduce even more of that burden. I know from experience how time-consuming it is to assess authenticity. With Snappt's technology, we're empowering teams to make confident decisions without the stress of manual review.' This partnership also enables BetterNOI to use Snappt's fraud detection in cases where applicants choose not to connect payroll or banking information, scenarios that would otherwise require manual document review. The result is a faster, more consistent process for applicants and property teams alike. 'We're proud to partner with BetterNOI because we align closely with their values,' said Kyle Nelson, Vice President of Corporate Strategy at Snappt. 'Both companies are committed to empowering property teams, reducing workload through smart technology, and delivering a better leasing experience. This partnership reflects a shared vision for how innovation should support people and operations in multifamily communities.' This integration with Snappt reinforces the companies' shared commitment to a streamlined applicant experience, reduced workload for property teams, and actionable data for operators, furthering BetterNOI's mission: We make you better. Stop by booth #1645 at Apartmentalize this week to learn how this partnership drives smarter, more efficient leasing decisions. To see how BetterNOI and Snappt help reduce fraud and streamline the applicant process, contact sales@ for a demo of Enhanced Verification. About BetterNOI BetterNOI has spent over 25 years helping multifamily communities improve operations, reduce workload, and increase visibility. What began as a screening solution has grown into a full-service platform supporting the entire leasing journey, from attracting applicants to securing leases and managing resident life cycles. Today, BetterNOI offers everything from websites and online leasing to review management, screening, resident portals, and portfolio-level analytics. About Snappt Snappt is the leading verification platform built for the multifamily housing industry. Snappt uncovers the truth behind every application—detecting fraud and verifying identity, income, and assets—so operators can confidently approve qualified residents and protect their communities. As the market leader for fraud detection, Snappt has analyzed over 13 million documents with an impressive accuracy rate of 99.8%. They are the only fraud detection company that conducts proactive fraud research, and they were recently ranked #1 in AI on the Inc. 5000 list. Visit
Associated Press
2 days ago
- Business
- Associated Press
BetterNOI and Snappt Join Forces to Fight Fraud and Streamline Leasing
LAS VEGAS--(BUSINESS WIRE)--Jun 11, 2025-- BetterNOI, a leading technology provider for the multifamily industry, today announced a strategic partnership with Snappt, the leader in fraud detection for residential apartment property managers. The collaboration brings Snappt's advanced fraud detection technology into BetterNOI's Enhanced Verification process, streamlining applicant verification, reducing manual review, and easing the workload for busy leasing teams. As part of this partnership, Snappt's fraud detection is embedded directly into the BetterNOI application process. It scans uploaded documents and delivers results within minutes to minimize delays and reduce manual review. 'Our internal verification department works directly with applicants, walking them through the process of uploading documents, freeing property teams to focus on delivering a better leasing experience,' said Jessie Oliver, Vice President of Product and Experience at BetterNOI. 'By integrating Snappt, we reduce even more of that burden. I know from experience how time-consuming it is to assess authenticity. With Snappt's technology, we're empowering teams to make confident decisions without the stress of manual review.' This partnership also enables BetterNOI to use Snappt's fraud detection in cases where applicants choose not to connect payroll or banking information, scenarios that would otherwise require manual document review. The result is a faster, more consistent process for applicants and property teams alike. 'We're proud to partner with BetterNOI because we align closely with their values,' said Kyle Nelson, Vice President of Corporate Strategy at Snappt. 'Both companies are committed to empowering property teams, reducing workload through smart technology, and delivering a better leasing experience. This partnership reflects a shared vision for how innovation should support people and operations in multifamily communities.' This integration with Snappt reinforces the companies' shared commitment to a streamlined applicant experience, reduced workload for property teams, and actionable data for operators, furthering BetterNOI's mission: We make you better. Stop by booth #1645 at Apartmentalize this week to learn how this partnership drives smarter, more efficient leasing decisions. To see how BetterNOI and Snappt help reduce fraud and streamline the applicant process, contact [email protected] for a demo of Enhanced Verification. About BetterNOI BetterNOI has spent over 25 years helping multifamily communities improve operations, reduce workload, and increase visibility. What began as a screening solution has grown into a full-service platform supporting the entire leasing journey, from attracting applicants to securing leases and managing resident life cycles. Today, BetterNOI offers everything from websites and online leasing to review management, screening, resident portals, and portfolio-level analytics. About Snappt Snappt is the leading verification platform built for the multifamily housing industry. Snappt uncovers the truth behind every application—detecting fraud and verifying identity, income, and assets—so operators can confidently approve qualified residents and protect their communities. As the market leader for fraud detection, Snappt has analyzed over 13 million documents with an impressive accuracy rate of 99.8%. They are the only fraud detection company that conducts proactive fraud research, and they were recently ranked #1 in AI on the Inc. 5000 list. Visit View source version on CONTACT: Media Contact: Monte Jones,[email protected], 303-601-7848 KEYWORD: UNITED STATES NORTH AMERICA NEVADA INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY SOFTWARE SOURCE: BetterNOI Copyright Business Wire 2025. PUB: 06/11/2025 07:28 AM/DISC: 06/11/2025 07:26 AM
