Latest News & Updates

The Closing Docs Becomes Payscore

The Closing Docs is changing its name Payscore to reflect our dedication to accelerating and simplifying your income verification efforts.

Doubling Occupancy by Slashing Application Processing Time

When taking responsibility for a property with 42% occupancy, focus and automation are everything. When Mary Magness moved to this newly managed property in Houston, she knew that current business practices were inadequate.

Payscore Now Identifies Mismatched Names Within Automated Income Verification Reports

You asked Payscore to identify potentially misleading or even fraudulent application submittals. Sometimes our reports reveal applicant names that are different from the account holder name.

Payscore Now Identifies Pay Gaps in Recurring Income

Payscore has improved its recurring income algorithm to identify gaps in pay for recurring income streams. Such gaps could be due to furlough periods, seasonal work or other temporary breaks in pay.

10 Reasons Why Payscore is a Better Solution than AI-driven Fraud Detection Alternatives

With Payscore, it doesn't matter what the fraudsters are doing. We go straight to the source to instantly deliver the info landlords need to make well-informed decisions regarding applicant income.

How RentPrep Automated Income Verification to Achieve 100% Accuracy of Applicant Income Data

For years, RentPrep manually called employers to confirm the income of potential renters. Sometimes, we paid vendors for extraneous information we neither sought nor wanted. Still others failed to verify the income of even 50% of our applicants.

Payscore Now Verifies Account Ownership

Payscore continues its successful battle against fraudulent pay stubs submitted by applicants. Our automated income verification report now includes the verified account holder name of the connected bank account or prepaid card.

Payscore Has Revised Its Report Format

Payscore has upgraded its income report to support property managers and lenders with making faster and more confident decisions when considering applicants.

Automated Income Verification Best Practices

Automated income verification from Payscore provides deep insight into any applicant’s ability to pay rent by revealing their net income. Here are some best practices to support getting the best results, quickly.

How to Read an Income Report from Payscore

An automated income verification report from Payscore enables property managers to securely and quickly interpret an applicant’s net income using verified bank data.

Automating Income Verification Streamlines Application Process to 3-clicks

Payscore helped Citi-Urban Management by delivering a robust solution for automating income verification. Using Payscore allows Citi-Urban Management to focus on higher value work without worrying about the nuances in their rental application workflow. In this case, Payscore supports the income verification component for over 100 monthly rental applications completely autonomously.

Master Your Lease Renewal Strategy to Minimize Lost Revenue from Vacant Units

Right now, people should be willing to renew some leases – if you can give them a compelling reason. The economy is good, but it’s getting tougher and tougher for tenants to buy into a hot housing market.

Should I Use Net Income or Gross Income for Tenant Screening?

It’s common knowledge that as a landlord, you should invest in screening your tenants. One bad tenant can cause a series of headaches, late rent payments, and possibly the expense and hassle of an eviction process. Ugh!

Verify Your Tenant Applicant’s Income The Right Way

All landlords should verify a potential tenant’s income as part of the tenant screening process. As a landlord, you are looking for tenants with the ability to pay rent on a long-term basis.

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