Checkr Launches Tenant Screening Platform to Combat Rental Fraud
Checkr, an AI-powered verification platform, has launched a tenant screening solution aimed at modernizing the rental application process. The new offering consolidates identity verification, background checks, and tenant screening into one streamlined platform, helping landlords fill vacancies up to five days faster while reducing fraud risks. According to Checkr's research based on 1,400 US landlords and property managers, a significant portion of respondents have experienced or suspected fraudulent activity during the rental process. The survey found that 55% discovered discrepancies between applicants who passed screening and those who moved in, with many reporting financial losses due to fraud. The fragmented nature of current tenant verification processes is cited as a key vulnerability for landlords. By integrating multiple tools into one platform, Checkr aims to close these gaps and provide more accurate insights using its decade-long experience detecting fraudulent activity.
Topics: AI verification fraud prevention real estate tenant screening