What’s New About Smart Move?

New About Smart Move

TransUnion has made a series of updates that improve the user experience with their tenant screening service, re-built the application process and redesigned email notifications. The updates will also help landlords and real estate agents get their job done faster, making it easier for them to rent out their property.

Credit Checks for Landlords

Having the right tenant is critical to a profitable property, so you need to ensure your potential renters are a good match for your properties and that they have the financial ability to pay their rent on time. You can rely on TransUnion’s tenant screening reports to give you the information you need to make an informed decision.

ResidentScore 2.0, the industry’s first score New about Smart Move tailored for rental screening helps you more accurately evaluate an applicant’s risk than a traditional credit score does, helping you find high-quality tenants fast.

A ResidentScore report uses the same credit information that’s factored into a FICO score, but with a refined formula to produce a score between 350 and 850. This score can predict evictions 15% more reliably and early termination of a lease 19% more reliably than a credit score alone, giving you the insight you need to make an informed leasing decision.

Income Insights, another new product from TransUnion, analyzes a renter’s self-reported income and compares it to their credit behavior, so you can see how likely they are to overspend or underspend. This tool may have the potential to provide a more accurate picture of a prospective tenant’s income than a traditional credit score, but it’s still based on credit behavior and will likely be inaccurate if a prospective tenant has a lot of debt.

Choice of Who Pays

You can use the SmartMove tenant screening service to decide how you want to cover the cost of background checks for your applicants. You can either pay for the screening yourself or request that the tenant cover it.

It’s easy to set up, with no membership required. All you need to do is send your tenants an email, and they’ll be prompted to complete the screening. The report will arrive in a matter of minutes, and will include their credit and criminal history.

In addition to these basic tenant screening tools, SmartMove also offers a variety of other reports to give you more information about your tenants. This includes criminal and national eviction reports, as well as an income estimate.

Using this data, you can quickly and easily determine if your tenants are a good fit for your properties and if they will be a positive addition to your community. You’ll be able to quickly make a decision about whether or not to rent out your property and get the most out of it.

The TransUnion SmartMove report is a very useful resource that will allow you to assess the credit and rental history of your prospective tenants in an instant. It does, however, require a tenant to participate in the screening process and may cause delays.