#USA #Santa Barbara #Fraud Detection #Snappt #Yardi Breeze

Yardi Partners with Snappt to Combat Fraud

In a significant development for small property management businesses, Yardi®, a prominent provider of real estate software, has announced its new partnership with Snappt, the top name in applicant fraud detection technology. This collaboration aims to enhance anti-fraud mechanisms for residential property managers, making it easier to identify and prevent fraudulent activities.

Integrating Advanced Technology

Snappt's revolutionary document authentication technology is now a feature of Yardi Breeze®, the platform designed specifically for independent rental owners and small to mid-sized property management companies. The integration of Snappt’s capabilities within Yardi’s ScreeningWorks Pro® system allows property managers to swiftly verify documents submitted by applicants, significantly reducing the amount of time spent on manual checks.

With the rise in fraudulent practices, this partnership could not have come at a better time. Fraud and identity theft are increasingly prevalent issues in the rental market, leaving property owners at risk of financial loss. By leveraging Snappt's innovative technology, Yardi aims to provide an effective solution that simplifies the applicant verification process and helps protect the assets of property managers.

Kyle Nelson, the Vice President of Corporate Strategy at Snappt, expressed enthusiasm about the collaboration, stating, "We’re thrilled to expand our partnership with Yardi to bring Snappt's industry-leading fraud detection technology to an even wider audience of property managers." He acknowledged the ongoing rise in fraud and emphasized the need for property managers to utilize the best available technology for resident application verification.

Streamlining Operations and Enhancing Safety

The benefits extend beyond mere fraud detection; by improving operational efficiency, Yardi and Snappt together are creating a more seamless experience for both property managers and applicants. Chris Ulep, Vice President at Yardi Breeze, highlighted the value this new product will bring, saying, "Snappt's advanced technology enhances the fraud tools available to our users, helping reduce risk, improve resident screening, and create a more seamless experience."

By combining the user-friendly features of Yardi Breeze with Snappt's sophisticated fraud detection technology, the two companies are set to deliver a comprehensive solution. This will undoubtedly help property managers streamline their workflows while maintaining compliance and safeguarding their operations against fraudulent applications.

A Solution for the Future

About Yardi: Established as a leader in software innovation for the real estate sector, Yardi has developed solutions that cater to various sized companies globally, employing over 9,500 individuals. Their commitment to evolving technology has made waves across the industry, providing vital support to property managers aimed at boosting efficiency and safety.

About Snappt: Launching in 2019, Snappt has rapidly become a market leader in AI-driven applicant fraud detection. The company is dedicated to identifying document alterations that could indicate potential fraud, thus assisting leasing teams in mitigating risk and reducing costs related to bad debt and evictions. With an impressive accuracy rate of 99.8% and having analyzed over 10 million documents, Snappt’s technology allows property managers to conduct proactive fraud investigations, reinforcing their position in the market as a trusted partner against leasing fraud.

This partnership signals a critical advancement in the real estate industry, merging sophisticated technology with practical applications, ensuring that property managers can operate with greater confidence and security against fraud as they navigate the complexities of the rental market.