First Advantage Enhances Resident Screening Through Integration With Experian
Solution Integrates Applicant Rental Data in the Screening Process to
Help Housing Providers Make Better-Informed Decisions
ALPHARETTA, GA -- (Marketwired) -- 11/11/13 -- First Advantage, a
Symphony Technology Group (STG) company and the leading global
provider of screening analytics and identity solutions, today
announced details of its collaboration with Experian RentBureau(R),
the largest rental payment database in the multifamily industry.
Through this strategic collaboration, data from Experian RentBureau
is linked to First Advantage's resident screening solution to help
housing providers identify residents who may pose the greatest risk
of skipping or making late payments.
With nearly one-third of the 300 million residents in the U.S.
renting housing, and 64 million U.S. consumers with insufficient or
no credit history, it is critical for housing providers to be able to
identify individuals with good rental payment history, an indicator
for potentially responsible tenants.
As the largest and most widely used credit reporting agency for the
multifamily housing industry, Experian RentBureau receives rental
payment data daily from a national network of more than 400 property
management companies. By integrating this Experian data with First
Advantage's resident screening solutions, property managers will have
a thorough, streamlined process to view their applicants' background
information including their positive or negative rental history.
As a result of this enhanced offering, First Advantage clients
benefit from receiving rental payment history at the same time as
their existing tenant screening data, delivering instant insight into
the factors that shape their applicant selection processes. With
access to such information, they can recognize habitually late paying
residents and identify residents with little or no credit but good
rental history. Equipped with this knowledge, housing providers can
ensure they rent their properties to individuals most likely to pay
on time, while reducing the potential risks of financial losses and
additional recoupment expenses.
"The valuable and up-to-date Experian RentBureau rental payment
history data provides multifamily housing providers with the
additional data necessary to determine which applicants will be the
best tenants," said Brannan Johnston, vice president and managing
director, Experian RentBureau. "We are pleased to collaborate with
First Advantage and help more housing providers access this crucial
"Thousands of multifamily housing providers rely on First Advantage
to conduct their resident screening processes to ensure they rent to
qualified, responsible tenants," said William Franck, executive vice
president, Client Portfolio Management and Customer Service for First
Advantage. "Property managers reporting data to Experian RentBureau
and leveraging the First Advantage resident screening solutions will
now recognize the full benefit of rental payment data. By teaming up
with Experian RentBureau, our clients benefit from the additional
insight into their applicants' payment history, giving them a
detailed view to help them make well-informed decisions."
Individuals attending the 2013 Multifamily Business Operations and
Technology event, held at the Hilton Anatole in Dallas, Texas from
Monday, November 11 through Wednesday, November 13, 2013, can learn
more about the integration between First Advantage's resident
screening solutions and Experian RentBureau by stopping by the First
Advantage or Experian RentBureau booth. First Advantage will be
exhibiting its industry-leading resident screening solutions at booth
no. 112. Experian RentBureau will be exhibiting at booth no. 124.
Additional information about the event, including registration
details, can be accessed at:
About Experian RentBureau
Experian RentBureau is the largest and
most widely used credit reporting agency for the multifamily
industry. Experian RentBureau's database receives rental payment
histories every 24 hours from property management companies and
electronic rent payment processors and currently includes more than
10 million residents nationwide. Data contributors report their
rental data to Experian RentBureau directly and automatically.
Property management companies utilize this data to screen new rental
applicants' payment history as part of their existing resident
To learn more about Experian RentBureau, please visit
Experian is the leading global information services
company, providing data and analytical tools to clients around the
world. The Group helps businesses to manage credit risk, prevent
fraud, target marketing offers and automate decision making. Experian
also helps individuals to check their credit report and credit score,
and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a
constituent of the FTSE 100 index. Total revenue for the year ended
March 31, 2013, was US$4.7 billion. Experian employs approximately
17,000 people in 40 countries and has its corporate headquarters in
Dublin, Ireland, with operational headquarters in Nottingham, UK;
California, US; and Sao Paulo, Brazil.
For more information, visit http://www.experianplc.com.
About First Advantage
First Advantage provides comprehensive
screening, identity and information solutions that give employers and
housing providers access to actionable information that results in
faster, more accurate people decisions. With an advanced global
technology platform and superior customer service delivered by
experts who understand local markets, First Advantage helps customers
around the world build fully scalable, configurable screening
programs that meet their unique needs. Headquartered in Alpharetta,
Ga., First Advantage has offices throughout North America, Europe and
Asia. More information about First Advantage can be accessed at
About Symphony Technology Group
Symphony Technology Group (STG) is a
strategic private equity firm with the mission of investing in and
being a partner in building great software and services companies. In
addition to capital, STG provides transformation expertise to enable
its portfolio companies to deliver more value to clients to retain
and attract the best talent and to achieve best-in-class business
performance. All STG portfolio companies are expected to grow through
innovation. STG's current portfolio consists of 12 global companies
with combined revenue of approximately $2.5 billion and thousands of
employees spread across North America, Europe and Asia. For more
information, please visit www.symphonytg.com.
Note to editors: Trademarks and registered trademarks referenced herein remain
the property of their respective owners.
Director of Corporate Communications
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