Nova Credit Partners with MRI Software to Combat Rental Fraud and Enhance Income Verification
MRI Software integrates Nova Credit's Income Navigator for multi-source verification, boosting fraud prevention and application screening while cutting processing times and covering nearly 100% of applicants.
Reimagining Income Verification for Today's Rental Market
Property managers face growing challenges in efficiently verifying applicant income, particularly as income sources become more diverse and documentation varies widely. A recent National Multifamily Housing Council survey found that 93% of property management companies report applicant verification challenges, with traditional methods causing significant delays in the leasing process.
Today, we're excited to announce that MRI Software has integrated Nova Credit's Income Navigator into CheckpointID and MRI Resident Screening, enhancing income verification across its property management platform.
Intelligent Verification That Adapts to Every Applicant
Through this integration, property managers gain three transformative verification capabilities:
1. Seamless Multi-Source Verification
Nova Credit's intelligent verification technology creates a flexible experience for each applicant's unique financial situation. By connecting directly to thousands of financial institutions and payroll providers, the system dramatically reduces processing times from days to minutes. This sophisticated approach reduces manual review requirements by 70%, freeing leasing teams to focus on high-value activities while providing applicants a streamlined experience.
2. Advanced Income Detection for Non-Traditional Earners
In today's diverse economy, many qualified applicants have income patterns that traditional verification methods struggle to validate. The Nova Credit solution recognizes and validates income from multiple streams, including gig work, freelance contracts, and consistent payments through Venmo and Cash App. This expanded coverage helps property managers approve more qualified applicants without increasing risk.
3. Built-in Fraud Protection
The verification process incorporates industry-leading fraud detection technology that works seamlessly in the background. Our advanced system analyzes documents against more than 700 unique fraud indicators, examining everything from metadata tampering to pixel-level manipulation in submitted files. This comprehensive analysis is distilled into clear, actionable insights that property managers can confidently use while maintaining a smooth experience for legitimate applicants.
"Collaborating with Nova Credit to enhance the automated income verification feature in MRI's solutions will enable leasing offices to approve qualified applicants even faster while confidently reducing risk," said Ben Berk, VP, MRI Software.
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The Nova Credit Platform: Enabling Inclusive Access
This partnership represents another step in our mission to empower institutions to underwrite anyone through the Nova Credit Platform. By integrating with MRI Software, a leader serving 88% of the 2025 NMHC Top 50 Managers, Income Navigator will help streamline verification for millions of rental applicants.
"Our collaboration with MRI Software creates a comprehensive income verification solution that expands opportunities for qualified applicants while giving property managers the confidence they need in their approval decisions," said Akaash Gupta, Head of Tenant Screening Partnerships at Nova Credit.
The Nova Credit Platform enables partners like MRI to quickly deploy and integrate advanced verification capabilities into their existing workflows. This unified approach combines robust infrastructure, embedded analytics, and comprehensive compliance frameworks, allowing property managers to focus on what they do best while Nova Credit handles the complexity of modern income verification.
Discover how Income Navigator can transform your verification process. Learn more at www.novacredit.com or contact our team at connect@novacredit.com.