LOVELAND, CO – Kroll Factual Data, a trusted provider of independent verification solutions, today announced a new integration to provide the company's FactualID-Identity Report from within Equity Residential's internal systems for screening prospective residents. Equity Residential, one of the nation's largest apartment owners, has relied on Kroll Factual Data's credit and criminal background checks to screen prospective residents since 2002.
Kroll Factual Data's FactualID-Identity Report uses a cutting-edge, proprietary risk assessment engine to comprehensively identify applicant misrepresentation. FactualID-Identity Report results are provided promptly, and include an overall risk score, and alerts by category and actions and evidence data for use in further review and analysis.
"Kroll Factual Data's FactualID-Identity Report allows us to mitigate risk associated with applicant misrepresentation and potential identity theft," said Chris Jenkins, vice president of financial planning for Equity Residential. "Their ability to customize and integrate their solution into our workflow provides a cost-effective, real-time solution to comply with federal Red Flag Rules."
"Kroll Factual Data values its partnership with Equity Residential, and the addition of our FactualID-Identity Report enhances that partnership moving forward," said Damon Littlejohn, senior vice president, Kroll Factual Data. "FactualID-Identity Report is a proven means to help identify potential fraud and applicant misrepresentation, which, in turn, helps Equity Residential identify rental applicants who present the potential for increased risk."
Kroll Factual Data's risk assessment engine imitates human problem solving by accessing a database of proprietary fraud-trending knowledge, which has been collected, compiled and maintained by our fraud experts. The process accurately identifies borrower/applicant misrepresentations, lowers review rates, and decreases false positives. For more details on Kroll Factual Data's FactualID-Identity Report and complete range of solutions for property managers, visit http://krollfactualdata.com/industry/property-management.aspx.
For more information Kroll Factual Data's complete line of independent verification services, call 800-929-3400, or visit the company's website at www.krollfactualdata.com.
About Kroll Factual Data
Kroll Factual Data is a trusted provider of independent verification services to mortgage lenders and investors, banks, credit unions, insurers, property management firms, regulatory and government agencies and other businesses. For more than 25 years, Kroll Factual Data has helped clients confidently make prompt, accurate decisions that mitigate risk, enhance safety and soundness, and increase profitability. By aggregating and analyzing information, Kroll Factual Data helps its customers protect financial assets and comply with regulations. Kroll Factual Data is part of the Altegrity family of businesses. For more information, visit www.krollfactualdata.com.