Snappt

01/22/2025

We’re thrilled to announce that we’ve partnered with Yardi to bring a new screening tool to Yardi Breeze clients!

We've embedded Snappt's advanced fraud detection into ScreeningWorks Pro® Document Authentication, a new tool for independent rental owners (IROs) and small-to-medium-sized management companies using Yardi Breeze.

Yardi Breeze has partnered with Snappt to bring enhanced anti-fraud solutions to small businesses! With ScreeningWorks Pro Document Authentication powered by Snappt, property managers can quickly identify fraudulent documents, reduce financial risk and streamline their screening workflows.

Learn more about how this partnership is transforming the rental market and protecting your assets. 🔗 Read the full press release https://bit.ly/4jnvJIl

08/13/2024

Exciting news! Snappt has been ranked #1 in Artificial Intelligence and #41 overall on the Inc. Magazine list of 5000 fastest-growing companies 🎉

This prestigious list recognizes the top private companies in the United States based on their revenue growth over a three-year period.

Our best-in-class fraud detection software has helped property management companies save time and money by streamlining their document verification process. With Snappt, properties across the nation are protected from fraudulent applications that lead to costly bad debt and evictions.

We are thrilled to be included among such esteemed companies, and we owe it to our dedicated team, loyal customers, and innovative technology.

Read more about this announcement here ➡ https://www.prnewswire.com/news-releases/snappt-ranks-no-41-on-the-2024-inc-5000-propelled-by-momentum-as-the-industry-leader-in-fraud-detection-302220766.html?tc=eml_cleartime

06/20/2024

Today, Snappt is excited to unveil our newest product: Income Verification! 🎉

Property managers nationwide will be able to safeguard their communities with our comprehensive solution - the Applicant Fraud Detection and Income Verification Suite. This suite leverages our market-leading fraud detection technology, renowned for its impressive accuracy and precision. Key features include:

🔹 AI-Powered Fraud Detection: Leverage advanced AI algorithms to detect a variety of fraudulent documents, flag fraudulent patterns, and check against a blacklist of known bad actors.

🔹 Comprehensive Income Verification: Quickly verify applicant income with unparalleled accuracy through real-time income retrieval and connected payroll powered by Argyle, minimizing the risk of income-related fraud.

🔹 Fast and Accurate ID Verification: Confirm applicant identities with best-in-class biometric technology, front and back ID scans, and the ability to scan 4,600+ global IDs.

Read more about our latest innovation here: https://www.prnewswire.com/news-releases/snappt-announces-income-verification-offering-to-further-aid-property-managers-in-the-fight-against-fraud-302177101.html?tc=eml_cleartime

04/25/2024

What is CPN fraud? 🔍

A CPN, known as a credit privacy number, consists of nine digits and looks just like a Social Security number (SSN). CPNs are often promoted as a solution for applicants with unfavorable credit histories, offering a supposed way to establish a false credit identity and make their credit appear more favorable than it actually is.

Here's the thing -- if someone applies with a CPN, they might fool a credit check. But if they use a fake ID or falsify their income documents during the leasing process, they'd still be caught.

This is why having a comprehensive fraud detection system is vital. Solely relying on a credit check can enable an applicant to use a CPN and sneak past your defenses. However, a multilayered approach (credit check, document fraud detection, ID verification, rental references) decreases the odds of a fraudster slipping through the cracks 💡

Learn more about CPN fraud and how it's affecting property managers:

Learn about CPNs and how applicants use them to falsify their credit history.

04/24/2024

You heard right -- Snappt is partnered with 32 of the NMHC Top 50 Manager list.

Our collaboration with these top industry players means that our services and technology are trusted by some of the biggest names in the business! More service providers trust in Snappt than all other fraud detection solutions combined.

At Snappt, our team is constantly working to improve and innovate within the industry. We understand the unique needs and challenges faced by property managers and are dedicated to providing solutions that make their jobs easier.

04/22/2024

Fraud in the multifamily industry is an evolving issue. Gone are the days when you could easily tell which documents were phony and legitimate via a quick review. Detecting document fraud now demands advanced technologies to combat sophisticated techniques used by fraudsters.

And with new fraud detection companies emerging often, selecting the best fit for your business can be daunting.

That's why the Snappt team created a comprehensive buyer’s guide for fraud detection! It outlines key questions and things to consider when choosing a fraud detection solution that will meet your organization's needs🛡️

These are the questions you should be asking when selecting your fraud detection provider.

04/11/2024

Watch out! Fraudsters have discovered a new way to slip past your defenses 😲

A new type of fraud we're calling "Inception Fraud," has surfaced. This sneaky scheme uses a legit pay stub from a company, even though the person isn't really employed there. As a result, the pay stub does not get flagged as fraudulent by traditional screening techniques, because it's a verifiable company and paystub. In reality, they are not employed by the company and do not receive a salary from them.

This type of fraud can easily slip through the cracks during the application process if not thoroughly vetted. Property managers need to be vigilant to prevent Inception Fraud from slipping through the cracks during the application process.

So what can be done about it, and how can property managers better protect themselves? Read our latest blog to find out ⬇️

Learn about inception fraud, the new method fraudsters and using to sneak through the leasing process undetected.

04/04/2024

Fake IDs are evolving 😱

Recently, scammers have discovered how to create AI-generated IDs, making it difficult for leasing teams who rely on older techniques or technologies to tell which IDs are real and which are fake.

Luckily, implementing a robust ID verification solution into your screening process makes it easy to quickly and accurately verify the authenticity of an applicant’s ID.

But wait – not just any ID verification solution will do!

Snappt’s best-in-class ID verification technology uses a biometric liveness check to scan and authenticate government-issued IDs in seconds. It also performs 30+ additional checks, including expiration checks, barcode matching, and front and back ID scans to ensure that only verified individuals can rent properties. We can scan 4,600 global IDs, too!

Learn more at https://hubs.ly/Q02qFjvw0

02/29/2024

With a new year comes new challenges – especially regarding fraud. 2024 is no exception, with many industry experts expecting to usher in ever-changing shifts and challenges rather quickly.

Fraudsters are busy tweaking tactics and leveraging the latest technology tools to test for weaknesses in security, privacy, and fraud controls.

According to recent statistics, the FTC received fraud reports from 2.4 million consumers in 2022. Check out our compilation of statistics and data related to current fraud tactics to gain deeper insights into today’s complex fraud landscape 💡

02/21/2024

BIG NEWS! Snappt has surpassed 6 million documents reviewed! 🎉

Snappt was the first to provide a robust solution to tackle fraud in the multifamily sector. With a comprehensive review of over 6 million documents, we possess the most extensive data set, resulting in the market's best-trained and most precise AI.

Reaching this milestone highlights the skill of our outstanding team and showcases the trust our clients have placed in us to help them identify and prevent fraud in their properties ✨

02/14/2024

It’s time to break up with your other fraud detection 💔

You might think that these methods are safeguarding your property, but the truth is that they’re just not cutting it.

Optical Character Recognition (OCR) just pulls text out of a PDF and can be easily defeated. Applicants can opt out of bank and payroll linking solutions. And employment databases may not catch someone who is self-employed or has a fake job reference.

Don’t take any chances with your property – choose Snappt.
https://hubs.ly/Q02l31Py0

02/12/2024

Last week, Snappt's go-to-market squad descended upon Palm Springs for their highly anticipated annual sales kick-off. It was a convergence of minds and strategies, as executive leaders from Product, Partnerships, Marketing, and Customer Experience took to the stage to review the roadmap for 2024 goals and objectives.

Amidst the desert backdrop, Snappt rolled out the red carpet for SaaS Go-To-Market expert Jacco van der Kooij. An author, mentor, and the mastermind behind Winning By Design, Jacco captivated the audience as the keynote speaker and workshop leader, sharing success stories and priceless wisdom.

We can't wait to implement these valuable insights and propel the growth of Snappt in the upcoming year ✨