TransUnion Revolutionizes Rental Screening with Truework
TransUnion Strengthens Partnership with Truework
TransUnion has recently announced a significant enhancement in its collaboration with Truework, a leading income and employment verification provider. This exciting development allows property managers to benefit from a one-click solution that integrates seamlessly into their existing workflows. This integration enhances the resident screening process by incorporating comprehensive income and employment verification, as well as other essential checks.
Innovative Screening Solution for Property Managers
The new collaboration enables property managers to access an integrated platform that delivers verified income and employment data along with credit scores, criminal background checks, and eviction histories. This unified approach allows for a thorough understanding of prospective tenants and helps property managers to make well-informed decisions efficiently.
Enhanced Data Access and Robust Workflows
Maitri Johnson, Senior Vice President and head of TransUnion’s tenant and employment screening business, emphasized the necessity of robust workflows for multifamily operators. Through the collaboration with Truework, the aim is to deliver vital insights that enable property managers to determine the suitability of applicants more holistically.
Improving Fraud Prevention and Payment Collection
Truework plays a key role in assisting organizations to detect fraudulent income documents at the onset of the application process. By facilitating access to verified income information directly from employers and payroll providers, this partnership significantly enhances rental payment collection rates.
Ease of Access for Property Managers
Ryan Sandler, the Chief Executive Officer of Truework, noted that this enhanced collaboration not only provides robust screening solutions but also simplifies access for property managers. With just a single click, property managers can now utilize their collective data, making the entire process more efficient and user-friendly.
About Truework and TransUnion
About Truework
Truework is dedicated to fostering trust in every financial transaction, offering a customizable platform for income and employment verification that emphasizes efficiency, accuracy, and security. Utilizing Truework, banks, lenders, and tenant screening providers can verify a vast majority of employees across the U.S., thereby enhancing the reliability of financial interactions.
About TransUnion (NYSE: TRU)
TransUnion stands as a global information and insights firm, employing over 13,000 associates across more than 30 countries. With a mission to ensure each individual is accurately represented in the marketplace, TransUnion uses innovative technology and solutions extending beyond traditional credit services. These advancements lead to greater economic opportunities and personal empowerment for individuals worldwide, as the firm advocates for "Information for Good" to create positive societal impacts.
Frequently Asked Questions
What is the main benefit of the TransUnion and Truework partnership?
The partnership offers property managers an integrated platform for income and employment verification alongside credit and background checks, streamlining the screening process.
How does Truework enhance the rental application process?
Truework helps identify fraudulent income documents early in the application process and improves rental payment collection rates through direct verification from employers.
Who are the key executives involved in this collaboration?
Maitri Johnson from TransUnion and Ryan Sandler from Truework are leading this partnership, focusing on enhancing tenant screening capabilities.
What technologies are being utilized?
TransUnion employs its TruVision™ Resident Screening solution integrated with Truework's verification services to provide comprehensive applicant evaluations.
What is the mission of Truework?
Truework aims to create trust in financial transactions by providing an efficient, secure platform for income and employment verification.
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