Verification of Income
Save time, reduce fraud, and improve the applicant experience. Verify income directly from the banks.
Validate applicant information faster
With digital verifications, information is verified almost instantly. Digital reports pull updated information from multiple institutions at the click of a button.
Keep up with evolving fraudsters
Verify resident income within the application. It’s fast and secure.
Reduce fraud
No more editing documents. All digital verifications come from the banks with validated data. Applicant names and addresses can also be verified via bank connections.
"We wouldn't be able to function without Entrata's Income Verification product on some of our sites. By verifying resident's names with important banking information, it has literally changed the demographic in some of our buildings"
Keep up with evolving fraudsters
Verify resident income within the application. It’s fast and secure.
Entrata's Verification of Income (VOI) is a tool that streamlines the process of confirming an applicant's financial stability. Instead of manually collecting pay stubs and other documentation, property managers can use Verification of Income to securely and electronically verify income directly from the applicant's bank account. This eliminates the hassle of paper-chasing, reduces the risk of fraud, and speeds up the application process for both the renter and the property manager.
For property managers, Verification of Income offers several key benefits. It saves time and resources by automating a previously tedious task, allowing staff to focus on other priorities. It also helps to mitigate risk by providing a more accurate and reliable assessment of an applicant's financial situation. This can lead to better-informed leasing decisions and a reduction in bad debt. Additionally, Verification of Income can enhance the resident experience by providing a faster and more convenient application process.
By automating income verification, Entrata's Verification of Income empowers property managers to make data-driven decisions, improve efficiency, and create a smoother leasing experience for all parties involved.
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