SafeRent Offers First Online Applicant Screening to Affordable Housing Apartment Communities

Apr 24, 2001, 01:00 ET from SafeRent, Inc.

    DENVER, April 24 /PRNewswire Interactive News Release/ -- SafeRent, Inc.,
 the leading provider of online credit and risk management services to the
 apartment industry, announced today that it now offers the first online
 applicant screening, backed by a statistical outcomes-based scoring model, to
 property owners and managers who include affordable housing in their
 portfolios.
     SafeRent has created an applicant screening service to handle government
 subsidized programs such as tax-exempt bond, tax-credit and section 8 as well
 as market rate properties.  The use of SafeRent's affordable housing applicant
 screening service will help property managers comply with Fair Housing and
 Fair Credit requirements and increase Net Operating Income through better
 applicant selection and improved efficiencies at the properties.  The service
 also will help to reduce the pressures applicant rejection may cause for
 property managers.
     "Our model makes the applicant screening process far more accurate and
 fair for low-income applicants searching for an apartment," said Linda Bush,
 chief executive officer of SafeRent.  "Instead of relying on rule-of-thumb
 models and human judgment, properties now have a scientific and unbiased way
 to determine if a low-income applicant will be a suitable resident."
     "SafeRent's Applicant Screening product for Affordable Housing complies
 with HUD regulations regarding screening of applicants for federally
 controlled affordable housing," added Deborah Bayles, chief legal and
 administrative officer at SafeRent.
 
     Affordable Housing Service Accommodates Four Property Types
     To ensure equal treatment of all applicants, SafeRent's online service
 will accommodate the applicant screening needs for market rate, tax credit,
 tax-exempt bond, section 8 or any combination of these.
 
     Highlights of Affordable Housing Applicant Screening
 
     Increases Bottom Line - SafeRent services have proven to increase Net
 Operating Income by increasing occupancy and reducing bad debt.
 
     Reduces Liability - Compliance with Fair Housing and Fair Credit is
 improved for even the most complex applicant situations and properties.
 Greater risk control is achieved through more consistent and objective
 screening that addresses the intricacies of complying with these rules.
 
     Expands Insight With Information - Clear and concise reports provide
 profiles of property performance and applicants, helping to optimize occupancy
 rates.
 
     Improves Efficiency - Applicant Screening is performed in just seconds.
 For even the most complex screening scenario, a quick evaluation lets the
 leasing professional know whether or not to move forward with the applicant.
 Ineligible applicants can be identified early on, which reduces paperwork down
 the road.  Seamless integration between the market rate and affordable housing
 applicant screening products means less work for leasing agents, more
 streamlined processes and reduced costs.
 
     SafeRent, Inc. offers on-line credit and risk management solutions and
 services to the multi-family housing industry.  Utilizing statistical
 credit-scoring models that are driven by actual renter histories, the company
 aids property managers in screening and approving applications, in seconds,
 over the Internet.  SafeRent services are currently used by more than
 50 percent of the largest multifamily property managers nationwide.  SafeRent,
 Inc. is based in Denver, Colo.  Please visit www.saferent.com or call
 303-813-1131 for more information.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03966322
 
 

SOURCE SafeRent, Inc.
    DENVER, April 24 /PRNewswire Interactive News Release/ -- SafeRent, Inc.,
 the leading provider of online credit and risk management services to the
 apartment industry, announced today that it now offers the first online
 applicant screening, backed by a statistical outcomes-based scoring model, to
 property owners and managers who include affordable housing in their
 portfolios.
     SafeRent has created an applicant screening service to handle government
 subsidized programs such as tax-exempt bond, tax-credit and section 8 as well
 as market rate properties.  The use of SafeRent's affordable housing applicant
 screening service will help property managers comply with Fair Housing and
 Fair Credit requirements and increase Net Operating Income through better
 applicant selection and improved efficiencies at the properties.  The service
 also will help to reduce the pressures applicant rejection may cause for
 property managers.
     "Our model makes the applicant screening process far more accurate and
 fair for low-income applicants searching for an apartment," said Linda Bush,
 chief executive officer of SafeRent.  "Instead of relying on rule-of-thumb
 models and human judgment, properties now have a scientific and unbiased way
 to determine if a low-income applicant will be a suitable resident."
     "SafeRent's Applicant Screening product for Affordable Housing complies
 with HUD regulations regarding screening of applicants for federally
 controlled affordable housing," added Deborah Bayles, chief legal and
 administrative officer at SafeRent.
 
     Affordable Housing Service Accommodates Four Property Types
     To ensure equal treatment of all applicants, SafeRent's online service
 will accommodate the applicant screening needs for market rate, tax credit,
 tax-exempt bond, section 8 or any combination of these.
 
     Highlights of Affordable Housing Applicant Screening
 
     Increases Bottom Line - SafeRent services have proven to increase Net
 Operating Income by increasing occupancy and reducing bad debt.
 
     Reduces Liability - Compliance with Fair Housing and Fair Credit is
 improved for even the most complex applicant situations and properties.
 Greater risk control is achieved through more consistent and objective
 screening that addresses the intricacies of complying with these rules.
 
     Expands Insight With Information - Clear and concise reports provide
 profiles of property performance and applicants, helping to optimize occupancy
 rates.
 
     Improves Efficiency - Applicant Screening is performed in just seconds.
 For even the most complex screening scenario, a quick evaluation lets the
 leasing professional know whether or not to move forward with the applicant.
 Ineligible applicants can be identified early on, which reduces paperwork down
 the road.  Seamless integration between the market rate and affordable housing
 applicant screening products means less work for leasing agents, more
 streamlined processes and reduced costs.
 
     SafeRent, Inc. offers on-line credit and risk management solutions and
 services to the multi-family housing industry.  Utilizing statistical
 credit-scoring models that are driven by actual renter histories, the company
 aids property managers in screening and approving applications, in seconds,
 over the Internet.  SafeRent services are currently used by more than
 50 percent of the largest multifamily property managers nationwide.  SafeRent,
 Inc. is based in Denver, Colo.  Please visit www.saferent.com or call
 303-813-1131 for more information.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03966322
 
 SOURCE  SafeRent, Inc.