TransUnion (NYSE: TRU) announced today a strategic partnership with Snappt, a leader in multifamily fraud detection and income verification. This alliance integrates Snappt’s Applicant Trust Platform™ directly into TransUnion’s TruVision™ Resident Screening, providing property managers with a unified solution that enhances income verification and helps build greater confidence in leasing decisions.
“This strategic partnership reflects the growing need for integrated verification across the leasing journey,” said Kyle Nelson, VP of Corporate Strategy at Snappt. “As one of the most recognized names in consumer trust, TransUnion brings decades of experience in the background screening industry.”
TransUnion’s rental screening solutions help property managers mitigate risk and reduce costs by providing comprehensive, data-driven insights into a prospective tenant's background, including Resident Score, a proprietary scoring model specifically designed to help predict eviction risk. Snappt’s income verification solutions deliver efficiency by verifying and detecting fraudulent documents and helping ensure income statements are reliable.
TRU shares took on 70 cents to $79.91.
