The new Fair Credit Reporting Act (FCRA) law prevents single-family landlords from accessing tenant credit reports without undergoing a typically cumbersome verification process. To provide landlords with a useful alternative, VRI Homes has developed criteria for evaluating the likelihood that a tenant will default on their lease. Here is how it works:
Each time you evaluate a new renter, our algorithm scores that renter’s information using multiple sources of data including:
1) The tenant’s credit report (Credit risk)
2) The tenant’s eviction history (Eviction risk)
3) The tenant’s criminal history (Criminal risk)
4) The tenant’s application data (Affordability index)
Our tenant screening report provides you with a tenant background and credit check that assesses the overall quality of the tenant.