Today, CoreLogic, a property information, analytics and data-enabled services provider, announced the expansion of its services through ID Analytics.
The new solution will apply applicant identity risk assessment and verification to property rental and leasing. It expands CoreLogic’s current services by helping property owners and managers assess the risk that an application will result in fraud.
The company’s new addition, the ID Score, expands access to cross-industry consumer information to verify an applicant’s identity, and if the applicant has a history of fraudulent behavior.
“This collaboration is significant,” said Richard Leurig, Rental Property Solutions senior vice president. “By integrating identity verification into our applicant workflow solution, our clients will be able to access broader and deeper information that not only predicts the likelihood a resident will fulfill their lease obligations, but also helps them avoid doing business with applicants who misrepresent themselves.”
Readers of HousingWire magazine know from April’s issue (paywall) dedicated to cyber security that this is a rising problem.
In fact, on page 32 of April’s issue, it states that hackers are evolving their methods, using malware to breach emails and firewalls. They can mimic emails and voicemails and convince unwitting employees to redirect wire transfers, so training employees to slow down and question anything that seems “off” is key.
In response to this rising problem, the National Association of Federal Credit Unions urged congress to pass legislation that would require stricter standards for retailers in the fight against hacking.