Modives Teams With TransUnion to Reinvent Property Rental Screening

Rhea-AI Summary

InsurTech Modives (NYSE: TRU) collaborates with TransUnion to launch an innovative insurance authentication and monitoring solution for residential rental properties, providing property managers with comprehensive insight into prospective rental residents. Modives aims to make insurance authentication and monitoring easy for apartment, condo, and single-family rentals, offering a new and innovative solution to mitigate risk. TransUnion’s TruEmpower™ ShareAble solution complements Modives’ renters insurance authentication by providing traditional screening services such as credit, background, eviction, and income reporting, giving property managers peace of mind and regulatory compliance. Modives’ 360° Screening and Authentication solution offers complete transparency in the application process and throughout the lease term, delivering a unique perspective for property management professionals to better assess and mitigate risk.

InsurTech Combines Insurance Authentication and Monitoring with Tenant Screening

CHARLOTTE, N.C.--(BUSINESS WIRE)-- As part of its innovative insurance authentication and monitoring solution launch for residential rental property, this week InsurTech Modives announced its collaboration with global information and insights leader TransUnion (NYSE: TRU) to grant further insight into prospective rental residents.

“Our goal is to make insurance authentication and monitoring easy for apartment, condo, and single-family rentals, providing visibility into whether renters insurance is active and adequate,” Modives Chief Executive Officer Frederick Waite said. “Through our collaboration with TransUnion, Modives is providing property managers a completely new and innovative solution to mitigate risk.”

TransUnion’s TruEmpower™ ShareAble solution bolsters Modives’ innovative and industry-leading renters insurance authentication by offering it alongside traditional screening services such as credit, background, eviction, and income reporting.

”TransUnion’s comprehensive dataset, combined with Modives’ solutions, give property managers peace of mind in knowing they have the information they want in order to make renter application decisions, while focused on regulatory compliance,” said Maitri Johnson, vice president of tenant and employment screening at TransUnion.

Modives’ 360° Screening and Authentication solution grants complete transparency in the application process and throughout the term of the lease. Through this reimagination and enhancement of the traditional screening process, Modives delivers a unique perspective for property management professionals to better assess and mitigate risk.

About Modives

Modives makes insurance authentication and monitoring easy during auto and property transactions for life events, reducing time, cost, and risk for its partners, while creating a better customer experience. Through its patent-pending technology, Modives creates an automated, real-time process, verifying that insurance is active and adequate, creating transparency and providing risk mitigation solutions. For more information or for press inquiries, please contact MediaRelations@Modives.com or visit Modives.com.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good^® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

View source version on businesswire.com: https://www.businesswire.com/news/home/20231213535454/en/

MediaRelations@Modives.com

Source: Modives

FAQ

What is the collaboration between InsurTech Modives and TransUnion about?

The collaboration aims to launch an innovative insurance authentication and monitoring solution for residential rental properties, providing comprehensive insight into prospective rental residents.

What does Modives aim to achieve with its solution?

Modives aims to make insurance authentication and monitoring easy for apartment, condo, and single-family rentals, offering a new and innovative solution to mitigate risk.

What does TransUnion’s TruEmpower™ ShareAble solution offer?

TransUnion’s solution complements Modives’ renters insurance authentication by providing traditional screening services such as credit, background, eviction, and income reporting, giving property managers peace of mind and regulatory compliance.

What does Modives’ 360° Screening and Authentication solution provide?

Modives’ solution offers complete transparency in the application process and throughout the lease term, delivering a unique perspective for property management professionals to better assess and mitigate risk.