Yardi Embeds Nova Credit's Cash Atlas™ to Broaden Approvals for Credit-Invisible Applicants

Nova Credit's expanded collaboration with Yardi brings Cash Atlas™ to ScreeningWorks® Pro, marking the industry’s first major use of cash flow underwriting, creating rental opportunities for millions of credit-invisible Americans. The collaboration leverages Nova Credit’s proprietary approach to cash flow underwriting, which combines access to multiple bank data aggregators on a unified platform for superior data coverage, speed, and reliability. This approach delivers best-in-class cash flow scores in an FCRA-compliant manner. 

49 Million Qualified Renters Hidden in Plain Sight

Nearly 49 million Americans are either credit invisible or have insufficient credit history for traditional scoring. These include gig workers, recent graduates, immigrants, and young professionals who demonstrate financial responsibility through banking behavior rather than traditional credit products.

Cash Flow Data Reveals True Financial Picture

Cash Atlas™ evaluates applicants based on actual financial behavior through verified bank data rather than relying solely on credit scores. For example, an entry-level employee with healthy bank balances can demonstrate clear payment capability, even without credit history. 

"Traditional credit data misses a population of financially responsible renters who simply haven't used credit products or haven’t used them long enough," says Patrick Hennessey, Vice President at Yardi. "Cash flow data provides a full financial picture, which is more predictive of their ability to pay rent on time. This gives our clients the ability to approve more applicants while maintaining rigorous risk assessment standards." 

Integration Reaches 6+ Million Units

The Cash Atlas™ integration represents the first at-scale deployment of cash flow data in tenant screening, immediately impacting over 6 million rental units using ScreeningWorks® Pro.

Property managers gain:

• Expanded applicant pool: Access to 49 million previously overlooked qualified renters

• Reduced vacancy rates: Faster unit fills through broader applicant identification

• Enhanced risk assessment: Real-time financial data provides more accurate payment prediction

• Competitive advantage: Approve qualified applicants that traditional screening misses

"We're helping property managers to discover qualified renters within their existing applicant pool - renters they previously would have missed based on traditional credit data," said Akaash Gupta, Head of Tenant Screening Partnerships at Nova Credit. "This is a competitive advantage in any rental market and offers a fairer view of what it means to be a ‘qualified’ applicant. Cash flow underwriting is a major step forward for property management, and we’re proud to be leading the charge with Yardi."

Expanding Access While Maintaining Standards

Cash Atlas™ maintains rigorous risk assessment while expanding access to qualified applicants. The platform's cash flow underwriting provides a comprehensive risk profile by analyzing bank transaction data to deliver FCRA-compliant attributes, reports, and scores that assess consumer affordability and ability to pay, surpassing traditional credit scoring limitations.

Cash Atlas™ addresses a critical market need as housing affordability challenges persist and the workforce continues to evolve. Traditional credit scoring struggles to evaluate today's diverse income sources and employment patterns, often missing millions of creditworthy borrowers who lack adequate loan history. Cash Atlas™ bridges this gap by providing a deeper view of financial health through trended data on inflows, outflows, and assets that captures actual ability to pay, not just the likelihood of repayment.

For property management companies interested in enhanced resident screening, leveraging Cash Atlas™, reach out to connect@novacredit.com.