ApplyConnect, the industry’s most advanced tenant screening solution for landlords and real estate agents, will soon be releasing updates to enhance their users’ experience. The improved technology will save landlords and real estate agents time, allowing applicants to be notified automatically when a decision has been made.
In the landlord and agent dashboard a new option will be available soon that offers a decision to be selected. The options will be “Approved”, “Denied” and “Conditional”, which depending on the selection will generate an email response that is editable and with a simple click is sent to the applicant. In the case an applicant is denied, the letter they receive will include legally approved language and the FCRA Summary of Rights that helps protect the decision maker should the applicant become disgruntled. If a conditional response is selected the landlord or agent will have the ability to specify additional requirements (ex. Co-signer or higher security deposit) the applicant must satisfy in order to be granted approval for the rental.
This new enhancement is following the recent change to have reports automatically shared the moment a renter finalizes payment. When the tenant screening report becomes available to the applicant it will simultaneously be ready to view by the requesting party.
ApplyConnect delivers a full Experian® credit report and risk score, plus a nationwide eviction, criminal and sex offender registry records search within seconds of an applicant purchasing and sharing their tenant screening report online.
ApplyConnect has no setup fees, no contracts and no onsite inspection requirement. With traditional tenant screening services, the time it takes for a landlord or agent to establish an account can range from several days to a week. ApplyConnect is available immediately, 24/7 to landlords, real estate agents and renters at their convenience.
The consumer-initiated screening report is paid by the renter who automatically authorizes the sharing of their report to a landlord or agent as soon as it is purchased. An added plus is that ApplyConnect does not place a hard inquiry on the renter’s credit report, thus there is zero impact to the applicant’s FICO, Vantage, or other risk score models.
ApplyConnect is also available in the iTunes App Store for a more convenient option. With the app, ApplyConnect users have access to helpful tools, can send requests to new applicants and can review new reports that have been shared. The ApplyConnect app is the solution to agents and landlords with potential tenants that are ready to apply on the spot when viewing a vacant rental.
By using next generation technology, thoroughly examining an applicant’s credit report and background check before renting will give landlords and real estate agents a distinct edge in the rental housing market.