Nova Credit Expands Collaboration with Yardi to Combat AI-Driven Document Fraud in Rental Applications

As document fraud becomes increasingly sophisticated through AI-powered tools, property managers face growing challenges in verifying applicant information. Industry projections estimate AI-driven fraud losses to reach $40 billion by 2027, so robust solutions are essential to protect against falsified income documentation.

Today, Yardi®, an industry-leading provider of real estate software, has announced the integration of Nova Credit's advanced document fraud detection capabilities into its ScreeningWorks Pro Income Verification solution, providing property managers with enhanced protection against altered pay stubs during the rental application process. This significant security upgrade will be available to all ScreeningWorks Pro Income Verification clients at no additional cost.

This enhanced fraud detection capability enhances a long-standing strategic collaboration between Yardi and Nova Credit, which provides solutions for property managers to help qualified consumers to seamlessly get the housing that they need.

Enhanced Protection for Property Managers

The updated solution offers comprehensive fraud detection through multiple channels:

1. Direct connection to bank and payroll data, creating an immediate, unbroken chain of income verification

2. Advanced document analysis when bank and payroll aren't available, including:

• AI-driven technology that reviews over 700 fraud indicators and distills them into 30 actionable insights

• Advanced image inspection to detect manipulation in screenshots and image-based PDFs

• Verification of document authenticity of original PDFs from payroll systems

• Adaptive models with sophisticated pattern recognition that evolve as fraud tactics change

• Comprehensive PII security updates that maintain the highest standards of data protection

"While property management companies and renters continue to embrace open banking and other technology solutions to verify income, there are still instances where authenticating pay stubs is their only option," said Patrick Hennessey, Vice President at Yardi. "Nova Credit's enriched document fraud detection helps protect our clients from the growing threat of document manipulation."

Proven Results Through Collaboration

Organizations using our combined income verification solutions have reported processing applications in hours rather than days, reducing manual review requirements by up to 70%, and achieving 95% customer satisfaction rates.

This expanded relationship further strengthens Nova Credit's position in the tenant screening ecosystem, as we continue to work with leading platforms to improve the rental application process through advanced data analytics and fraud prevention.

"As document manipulation becomes increasingly convincing, property managers need protection that evolves at the same pace," said Akaash Gupta, Head of Tenant Screening Partnerships at Nova Credit. "Our AI-improved features examine hundreds of fraud indicators to catch sophisticated attempts at fraud, while maintaining the streamlined application process that renters expect. Extending our successful affiliation with Yardi allows us to bring these advanced capabilities to even more property managers across the industry."

We're proud to continue collaborating with Yardi, combining their industry expertise with Nova Credit's innovative data solutions to create more secure, efficient, and inclusive rental application processes.

Learn More

Read more about how Income Navigator's fraud-fighting capabilities here