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LANDLORDS ACCESS NATIONAL CONSUMER CREDIT CRIMINAL DATABASES.


Apartment owners and managers can now expedite ex·pe·dite  
tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites
1. To speed up the progress of; accelerate.

2.
 and improve the tenant screening process with TenantAlert, a new Internet- based tenant screening service that instantly evaluates each prospective renter against national consumer credit data, criminal and eviction The removal of a tenant from possession of premises in which he or she resides or has a property interest done by a landlord either by reentry upon the premises or through a court action.  databases, two separate colorblind col·or·blind or col·or-blind
adj.
Partially or totally unable to distinguish certain colors.
 scoring systems Noun 1. scoring system - a system of classifying according to quality or merit or amount
rating system

classification system - a system for classifying things
 designed to predict tenant reliability, and a variety of other criteria. The service saves time, significantly lowers landlords' risk because of its comprehensiveness, and costs as little as $9.95 per report.

"Traditional tenant screening may take several days and frequently miss key information that can help identify potentially undesirable tenants, and it can leave property owners and managers open to charges of discrimination," said Jeff Cronrod, president of Fidelity Information Corporation, which operates the TenantAlert service. "TenantAlert solves these problems with fast online results, the most thorough and wide-ranging credit and reference checks available today, and exclusive statistical tools to help manage risk."

All TenantAlert reports include consumer credit information from one or more of the three major credit bureaus -- Experian, Equifax or Transunion. Registered TenantAlert clients also have free access to information on delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent.


DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty.
 payment histories, property damage, chronic violations, criminal activity, and other types of disturbances reported to the Delinquent Tenant Cooperative. Registered users also can instantly report delinquent tenants to the three bureaus and the Delinquent Tenant Cooperative.

In addition, TenantAlert offers packages with various options that include the following:

-- An exclusive colorblind MatchMaker Matchmaker - A language for specifying and automating the generation of multi-lingual interprocess communication interfaces. MIG is an implementation of a subset of Matchmaker.  scoring system that enables landlords to establish their preferred tenant profile based on more than 20 different parameters. The system evaluates each applicant according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 those criteria and instantly returns a "recommend" or "not recommend."

-- A credit-based TenantAlert Predictor Score (TAPS) that automatically evaluates the credit information provided by the credit bureaus and translates it into a numerical score indicating the financial risk of renting to that particular applicant.

-- Eviction/public record checks against all available nationwide databases covering money judgments, possession-only judgments, skips, and property damage claims as well as eviction filings.

-- National criminal background searches, including checks of sexual offender offender n. an accused defendant in a criminal case or one convicted of a crime. (See: defendant, accused)  and terrorist databases as well as cross-checking of personal information for criminal record verification.

-- Fraud detection and personal information verification, ranging from comparison of information provided by the applicant against that provided on credit reports, to social security number verification, national address history, and bankruptcy searches.

-- Credit grantor An individual who conveys or transfers ownership of property.

In real property law, an individual who sells land is known as the grantor.


grantor n.
 names and addresses, giving property owners immediate access to all of a prospective tenant's creditors for additional information.

All account usage data is available online at any time, enabling property owners to search account activity by date, tenant name or building name in order to compare it to their credit card bills, calculate their rental traffic, or evaluate a manager's performance.

TenantAlert also has established strategic alliances with TenantMail (http://www.TenantMail.com) and Rent Recovery Service (http://www.ABadTenant.com) for a complete tenant management solution. TenantMail helps ensure timely rent payments by automatically invoicing tenants every month. Rent Recovery Service offers programs for recouping delinquent rent, including a unique flat-fee system that significantly lowers the cost of pursuing delinquent tenants by eliminating contingency fees contingency fee Law & medicine An attorney fee based on a percentage of the money recovered in a lawsuit .

For more information, call 847/955-7730 or visit http://www.tenantalert.com.
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Publication:Online Product News
Date:Nov 1, 2003
Words:518
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