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Applicant trust platform Snappt offers automated, reliable verification of an applicant’s rent payment history delivering 25x more coverage than credit bureaus and over 80% verification success

June 17, 2025 //  by Finnovate

Snappt, a leading platform for applicant trust in multifamily housing, has announced the addition of Verification of Rent (VOR) powered by Trigo. The platform also includes enhanced Verification of Assets (VOA) and bank account linking, supported by a new partnership with Mastercard’s open banking platform, Finicity. VOR enables property managers to automatically and accurately verify applicant rental payment history, eliminating the need for manual outreach to landlords. 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. 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.

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Category: Channels, Innovation Topics

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