SafeRent Screening Packages and Associated Costs

Overview

Revela offers a comprehensive Fraud Suite designed to enhance security and trust in your rental process. Our suite includes several key components, each playing a crucial role in helping with fraud prevention:

This guide provides an overview of the SafeRent screening packages, their associated costs, and details about the various screening components included in each package. 

Understanding SafeRent Screening Components

ID Trust with Multi-Factor Authentication

A security suite designed to prevent fraud in rental applications. Includes:

• ID Trust: Verifies data accuracy to ensure the authenticity of applicant information.

• Digital Verification of Income/Employment (VOI/VOE): Digitally verifies income and employment or, if unavailable, allows document uploads for validation.

• SSA89 Social Security Number Validation: Confirms Social Security numbers with direct validation.

Social Search

Social Search is a direct search with the credit bureaus to verify the social security number assigned and attached to specific credit bureau data reports. It provides a light version of SSN verification, ensuring that the SSN matches the credit data. A more detailed process of SSN validation is done through SSA89, giving a more detailed and direct connection to the Social Security Administration.

Alternative Credit Data

Includes non-traditional financial data from:

• Buy Here-Pay Here Businesses

• Utility Companies

• Cell Providers

• Jewelry Stores

  • This data helps assess applicants with limited or no traditional credit history.

Watchlists Screened

Identifies applicants flagged on various government lists, including:

• Office of Foreign Assets Control (OFAC)

• FBI Most Wanted (Terrorists & Fugitives)

• U.S. Marshals Service Wanted List

• U.S. Customs, DOJ, Secret Service, and DEA Wanted Lists

• Numerous State & Local Wanted Fugitives

This data is particularly helpful for applicants with low credit or no credit files, providing a more comprehensive view of their financial responsibility and creditworthiness.

Housing Court Data

Provides a comprehensive rental history, including:

• Third-Party Data Providers: Aggregates reliable rental history sources.

• Real-Time Verification: Manually verifies potential matches with court searches.

Collections Alert

Identifies applicants who have recently skipped or left a rental property owing money. Reports 60-90 days before credit bureaus post collections, offering early detection of potential financial risk.

MultiState Criminal & CrimSafe

• MultiState Criminal:

  • Searches criminal records using a 7-year address history.

  • Conducts real-time court searches to verify matches.

  • Expands searches beyond standard coverage when needed.

• CrimSafe:

  • Automates the evaluation of criminal records.

  • Ensures compliance with community leasing policies.

SafeRent Score

Score is powered by VantageScore, which is a nationally recognized credit scoring model that offers both a combined score for multiple applicants, and an individual score for each applicant as well as guarantors. This dual scoring approach enhances transparency, enabling property managers to make informed leasing decisions that align with company standards.

Benefits:

• Enhanced Transparency: Facilitates clear and informed decision-making for property managers by providing clear reason codes.

• Alignment with Standards: Helps ensure leasing decisions are consistent with your company's criteria and policies through the utilization of Manage Decision Overrides (MDOs).

• Trended Credit Data: Captures a segment of the U.S. population with dormant or thin credit files, providing a more inclusive credit assessment.

State Variable Costs

The Multi-State Plus product offers limited nationwide coverage due to varying data reporting standards and state-specific requirements for direct court record requests. Laws are constantly changing regarding what each state or county can report, which is why we recommend ordering the following searches directly from the court.

• Court Fees and Surcharges:

  • Variable Costs: Court fees and surcharges are costs charged by the court to request or retrieve criminal records. These fees are passed along to the client.

  • Jurisdictional Variability: The fees are not fixed and vary by jurisdiction. State Variable Costs Apply to States listed below: