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

Creating efficiency for on-site property management teams using Automated Income Verification from Payscore.

Automating income verification helps property managers eliminate drudge-work and focus on their highest value tasks

Customer suggestions drive clarity and efficiency during the income verification process.

Payscore, the PropTech company automating income verification for property managers and consumer lenders, announced the successful close of a financing round led by ffVC of New York. SeaChange Fund, Hamilton Ventures and Seattle’s Alliance of Angels also joined the round.

From improving efficiency and accuracy to enhancing security and compliance, automated income verification from Payscore simplifies the application evaluation process and enables property managers to make better decisions for their communities. By embracing this technology, property managers can stay competitive in the market, attract the right tenants, and ultimately, boost the Net Operating Income (NOI) of their properties.

Simplify the re-financing or sale of an asset by presenting the due diligence team with a defensible, predictable revenue stream.

Best steps to protect onsite property management teams from fraud

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.

Dedicated to helping onsite teams rapidly improve the quality of their leads, Payscore announces new capabilities in their service. Today, Payscore customers can easily learn which banks are included in their network, see whether applicants have erroneously entered duplicate accounts or business accounts in their application, and visually assess the progress and outcomes for the income verification reports they submitted.

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 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.

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.

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

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.

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

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

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.

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.

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!

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.