Affordable Housing
Shorten income and asset verification from weeks to minutes
Reduce income reporting inconsistencies and avoid fraud with our customizable income and asset verification solution, Eligibility Compass, purpose-built for affordable housing applications. We combine bank data, payroll connections, and cross-source analytics to verify faster—and catch what traditional methods miss.
How Verification Works
Create a true picture of income with broad coverage bank data, payroll systems, and pay stub data. Leverage an efficient and accurate process to confirm an applicant’s income and assets in seconds.
Nova Credit automatically triggers an adaptable waterfall process to understand the applicant’s income through multiple sources.
Nova Credit then guides users to conduct income verification via direct connection or document upload.
Nova Credit delivers a consolidated summary of the income and assets verified.
Why Eligibility Compass for Affordable Housing
Simplify the Applicant Experience
Improve applicant satisfaction with a guided, mobile-first experience.
Reduce Staff Burden
Reclaim staff time from chasing documents and following up.
Turn Units Faster
Screen applicants with more certainty with customized workflows that take minutes, not weeks.
How we're different
Multiple Ways to Collect Income Data
All-in-one solution to collect payroll, and pay stub data through direct account connection or document upload.
Fraud-resistant Data
Use seasoned data collected directly from banking institutions (or payroll for income) to reduce risk of fraud.
Income Model
Get a true picture of income with handling of multiple income types, including traditional, gig economy, and alternative income.
Customer Operations and Dispute Management
Leverage full-service customer management for data related disputes, currently executed for global banks.
Customized Workflows
Customized consumer experiences using multiple applicant delivery options and retrieve processed data through an API integration.
Consumer Reporting Agency (CRA) Compliance
Nova Credit operates as a consumer reporting agency, built with multi-national regulatory frameworks in mind to support large enterprise needs.
By The Numbers
98%
Of the U.S. market, leveraging bank data, payroll systems, and pay stub data.
9
Years as a CRA
50%+
Average time savings
Connect with the Nova Credit Enterprise Team
Submit your information and a member of our team will be in touch about how we can grow your business together.