Multilayered Solution combines trusted third-party data, real-time checks and fraud detection tools for faster decision-making
Western Reporting, the multifamily industry’s most comprehensive screening solution, today announced the launch of its new Digital Income Verification, a technology designed to accelerate the lease approval process by working to prevent income fraud before it starts.
With 93% of landlords reporting fraud in the past year and income falsification identified as the #1 issue, Western Reporting’s solution addresses a critical need in the multifamily housing industry. The solution uses a multilayered approach that combines trusted third-party data sources, real-time payroll and bank connections, and advanced fraud detection tools to verify applicant income quickly and securely —often without requiring applicant action.
“Fraud is costing multifamily operators millions each year. While most solutions detect fraud after it occurs, our Digital Income Verification solution works to stop fraud before it starts,” said Lisa Chall, Vice President of Screening and Compliance at Inhabit. “By leveraging trusted third-party data sources, we empower leasing teams to make faster, smarter decisions while better protecting properties from financial risk.”
Digital Income Verification tackles the fraud challenge more comprehensively than other solutions, with unique features including:
- Instant, No-Touch Verification through broad payroll and bank data access enables automatic income validation without extra steps for most applicants.
- Multi-Layered Verification Process that, when needed, guides applicants through a secure process to link payroll or bank accounts. Secure document upload with built-in fraud detection is available as an additional safeguard.
- Embedded Workflow Within Applicant Screening allows verification to begin automatically, with results – including rent-to-income ratio – delivered directly in the screening report to save time and reduce errors.
Together, these capabilities deliver a solution that:
- Better neutralizes fraud– reducing evictions and bad debt
- Accelerates approvals – simplifying the applicant experience
- Frees staff time – reducing manual, error-prone work
- Delivers consistent decisions – reliable across the entire portfolio
For more information about Western Reporting’s Digital Income Verification solution, visit www.westernreporting.com.
