TransUnion and Truework Enable Rental Screening with Income & Employment Verification for Property Managers in a Single Click
TransUnion (NYSE: TRU) has strengthened its partnership with Truework, a leading income and employment verification provider. This collaboration introduces a single-click solution for property managers, integrating TransUnion's resident screening with Truework's income and employment verification. The enhanced platform offers:
1. Verified income and employment data
2. Credit checks
3. Criminal background checks
4. Eviction reports
This comprehensive solution aims to provide property managers with all necessary information to make informed decisions on rental applicants within a single interface. The integration is designed to streamline the screening process, improve fraud mitigation, and potentially increase rental payment collection rates.
TransUnion (NYSE: TRU) ha rafforzato la sua collaborazione con Truework, un fornitore leader nella verifica del reddito e dell'occupazione. Questa collaborazione introduce una soluzione con un clic per i gestori di proprietà, integrando il controllo degli inquilini di TransUnion con la verifica del reddito e dell'occupazione di Truework. La piattaforma potenziata offre:
1. Dati verificati su reddito e occupazione
2. Controlli creditizi
3. Verifiche di precedenti penali
4. Rapporti di sfratto
Questa soluzione completa mira a fornire ai gestori di proprietà tutte le informazioni necessarie per prendere decisioni informate sui richiedenti in affitto all'interno di un'unica interfaccia. L'integrazione è concepita per semplificare il processo di screening, migliorare la mitigazione delle frodi e potenzialmente aumentare i tassi di raccolta dei pagamenti degli affitti.
TransUnion (NYSE: TRU) ha fortalecido su asociación con Truework, un proveedor líder de verificación de ingresos y empleo. Esta colaboración introduce una solución de un clic para los administradores de propiedades, integrando la evaluación de inquilinos de TransUnion con la verificación de ingresos y empleo de Truework. La plataforma mejorada ofrece:
1. Datos verificables de ingresos y empleo
2. Verificaciones crediticias
3. Comprobaciones de antecedentes penales
4. Informes de desalojo
Esta solución integral tiene como objetivo proporcionar a los administradores de propiedades toda la información necesaria para tomar decisiones informadas sobre los solicitantes de alquiler dentro de una única interfaz. La integración está diseñada para optimizar el proceso de evaluación, mejorar la mitigación de fraudes y potencialmente aumentar las tasas de cobranza de pagos de alquiler.
TransUnion (NYSE: TRU)은 소득 및 고용 확인 제공업체인 Truework와의 파트너십을 강화했습니다. 이번 협업은 부동산 관리자를 위한 원클릭 솔루션을 도입하며, TransUnion의 세입자 심사와 Truework의 소득 및 고용 확인을 통합합니다. 향상된 플랫폼은 다음을 제공합니다:
1. 확인된 소득 및 고용 데이터
2. 신용 조회
3. 범죄 배경 조회
4. 퇴거 보고서
이 종합 솔루션은 부동산 관리자에게 임대 신청자에 대한 정보에 기반한 결정을 내릴 수 있도록 모든 필수 정보를 단일 인터페이스 내에서 제공합니다. 이 통합은 심사 과정을 간소화하고, 사기 방지 개선 및 임대료 징수율을 높이는 데 기여하도록 설계되었습니다.
TransUnion (NYSE: TRU) a renforcé son partenariat avec Truework, un fournisseur leader de vérification des revenus et de l'emploi. Cette collaboration introduit une solution en un clic pour les gestionnaires immobiliers, intégrant le contrôle des résidents de TransUnion avec la vérification des revenus et de l'emploi de Truework. La plateforme améliorée offre :
1. Des données vérifiées sur les revenus et l'emploi
2. Des vérifications de crédit
3. Des vérifications de casier judiciaire
4. Des rapports d'expulsion
Cette solution complète vise à fournir aux gestionnaires immobiliers toutes les informations nécessaires pour prendre des décisions éclairées sur les candidats à la location au sein d'une interface unique. L'intégration est conçue pour simplifier le processus de sélection, améliorer la lutte contre la fraude et potentiellement augmenter les taux de recouvrement des loyers.
TransUnion (NYSE: TRU) hat seine Partnerschaft mit Truework, einem führenden Anbieter von Einkommens- und Beschäftigungsüberprüfungen, verstärkt. Diese Zusammenarbeit führt eine Ein-Klick-Lösung für Immobilienverwalter ein, die TransUnions Mieterprüfung mit Trueworks Einkommens- und Beschäftigungsverifizierung integriert. Die verbesserte Plattform bietet:
1. Verifiziertes Einkommens- und Beschäftigungsdaten
2. Bonitätsprüfungen
3. Strafregisterauszüge
4. Räumungsberichte
Diese umfassende Lösung zielt darauf ab, Immobilienverwaltern alle notwendigen Informationen zur Verfügung zu stellen, um informierte Entscheidungen über Mietbewerber in einer einzigen Benutzeroberfläche zu treffen. Die Integration ist darauf ausgelegt, den Prüfungsprozess zu optimieren, Betrugsbekämpfung zu verbessern und potenziell die Inkassoraten bei Mietzahlungen zu erhöhen.
- Strengthened partnership with Truework enhances TransUnion's rental screening capabilities
- Single-click solution streamlines the resident screening process for property managers
- Integration of income and employment verification with credit, criminal, and eviction checks in one platform
- Potential for improved fraud mitigation and increased rental payment collection rates
- None.
Insights
The strengthened partnership between TransUnion and Truework represents a significant advancement in the rental screening industry. By integrating income and employment verification with traditional screening methods, property managers can now access a comprehensive applicant profile in a single click. This streamlined process is likely to increase efficiency and reduce fraud in the rental market.
The collaboration addresses a critical pain point for property managers by providing a holistic view of applicants, potentially leading to better tenant selection and reduced financial risks. This could translate to improved occupancy rates and more stable rental income for property owners. For TransUnion, this partnership may lead to increased market share and revenue growth in the tenant screening sector, potentially boosting its competitive position.
While specific financial figures aren't provided, this partnership has positive implications for TransUnion's revenue streams. The enhanced offering could lead to higher adoption rates of TransUnion's screening services, potentially increasing transaction volume and average revenue per customer. The integration with Truework may also provide a competitive edge, possibly leading to market share gains in the property management sector.
Investors should monitor for potential increases in TransUnion's recurring revenue from its tenant and employment screening business segment in future earnings reports. The partnership could also result in improved profit margins if the enhanced service commands premium pricing. However, the impact on TransUnion's overall financial performance may be gradual, given the specific nature of this product within their broader portfolio.
The technological integration between TransUnion and Truework represents a significant leap in data aggregation and verification processes. By enabling a single-click solution that combines various data points, including credit, criminal background, eviction history and now income and employment verification, the platform offers a seamless user experience for property managers.
This integration likely involves sophisticated API connections and data matching algorithms to ensure accurate and real-time information delivery. The ability to access verified income data directly from employers and payroll providers suggests a robust data pipeline and security measures to protect sensitive information. This technological advancement not only streamlines the screening process but also enhances fraud detection capabilities, potentially setting a new standard in the industry for comprehensive and efficient tenant screening solutions.
Strengthened collaboration provides a robust fraud mitigation solution
CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today that it is strengthening its partnership with leading income and employment verification provider, Truework. The new arrangement enables a single-click solution, via TransUnion third-party platform integration, for a deeper resident screening workflow that adds a powerful income and employment verification waterfall.
The enhanced Truework and TransUnion collaboration now offers the only platform integrated solution to return verified income and employment data alongside credit, criminal background checks and eviction reports. This will provide property managers everything they need to make a solid decision on applicants—all within a single third-party platform interface.
“Multifamily operators need robust workflows to screen rental applicants,” said Maitri Johnson, SVP and head of TransUnion’s tenant and employment screening business. “TransUnion’s collaboration with Truework allows us to deliver essential insights to help property managers make the best decision as holistically as possible.”
Truework helps organizations identify fraudulent income documents early in the application process and increase rental payment collection rates by giving access to verified income directly from employers and payroll providers.
“The enhanced collaboration between Truework and TransUnion not only allows for more robust screening solutions, it’s also much easier to access for property managers,” said Ryan Sandler, CEO of Truework. “Property managers have long relied on our collective data. Now they can access it with a single click.”
For more information about TransUnion’s TruVision™ Resident Screening solution, click here.
About Truework
On a mission to create trust in every financial transaction, Truework provides a one-stop, customizable platform for income and employment verification that prioritizes efficiency, accuracy, and security. Using Truework, banks, lenders and tenant screening providers can verify
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
| Contact | Dave Blumberg |
| TransUnion | |
| david.blumberg@transunion.com | |
| Telephone | 312-972-6646 |
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