ApproveShield | Business Services

ApproveShield | Business Services - ZoomInfo

Evictions in the ApproveShield database are refreshed daily from local courts, which means Managers and Operators of multifamily real estate can reduce their underwriting risk by more than 80% with a quick search. ApproveShield currently protects communities in Texas, Atlanta, Florida, South Carolina, and Ohio and is rapidly expanding through the southeast as demand has continued to increase.

“Renter fraud was already on the rise prior to the pandemic, but the increased adoption of agentless touring and leasing tools, which allow residents to find and rent an apartment with zero in-person interaction, has opened the door for even more fraud,” says Alec Page, vice president at Park City, Utah–based RET Ventures, an early-stage venture fund that invests in multifamily technology firms.

This is where ApproveShield steps in with their solution that combines Machine Learning with experienced Analysts that are trained to not only spot fraud attempts, but also bring a human element to the equation that others have unsuccessfully tried to solve with technology alone. Some of the items that separate ApproveShield from the rest are:

ApproveShield identifies recently evicted tenants by finding eviction filings as soon as they occur, instead of relying on databases that only show filings after a 30 to 60-day lag time.

ApproveShield system catches ID fraud, ensuring that applicants are who they claim to be and preventing later problems with non-payment and eviction.

To support legal compliance and fairness, process verifies criminal background checks to weed out mismatched records and determine the most recent disposition of cases.

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