Naborly, the modern-day property management software for everyday landlords, today announced a new product, Naborly Credit Report, which grants landlords in the U.S. and Canada fast and affordable access to comprehensive tenant credit reports. Naborly Tenant Insights, the company’s flagship product formerly known as Naborly Report, remains its core offering to help landlords make data-driven decisions for each lease application they receive.
“Our landlords were hungry for an easier way to pull tenant credit reports without having to fill out an extensive application or gather too much information from potential tenants,” said Dylan Lenz, Naborly CEO. “We seek to provide turnkey property management solutions for landlords and are excited about this new offering, as it’ll provide more service options that fit the needs of each individual landlord and property.”
Naborly Credit Report is powered by Equifax and provides landlords with a quick snapshot of their potential tenant’s financial situation. For $25, landlords can submit a credit report request with applicant approval and in 90 minutes receive a breakdown of the tenant applicant’s credit score, credit history, and number of inquiries. Landlords can upload an existing rental application to obtain the credit report, eliminating extra administrative work.
Landlords that opt in for Naborly Tenant Insights receive a more extensive overview of their prospective tenants, including a robust background check along with a Naborly Score, an assessment indicator that analyzes several data points for tenant screening, including those listed below.
- Equifax report and score
- Identity verification
- Employment and income verification
- Previous address verification
- Employment stability analysis
- Pet liability analysis
- Property suitability analysis
- Projected tenancy outcomes
- Rent to income ratio
- Debt to income ratio
- Sex offenders registry check (U.S. only)
“After some soul searching, Naborly has a new, clear path ahead, and we look forward to supporting our landlords and their tenants as we all collaborate to improve the process of renting at large,” says Lenz.