APPLICANT FRAUD DETECTION
Are you ready for a fraud detection + income verification platform that delivers more?
Docuverus detects more fraud than any other platform.
With an average fraud detection rate of 15% it’s easy to see why multifamily owners and operators trust Docuverus to stop fraudulent applicants.
Docuverus utilizes a proprietary advanced technology.
We don’t just rely on AI to guess if something is real or fake. We don’t just rely on simple OCR or basic math tricks. Of course, we do all of that. But we do more. We use multiple technologies and techniques to perform a multi-step, multi-dimensional analysis that we developed.
Docuverus validates document details.
It isn’t enough to just identify if something is real or fake. You need more. So, our technology reads documents to identify the red flags that beat other systems. For example, if a different employee name is found on an earnings statement, an alert is triggered.
Docuverus is more accurate.
Docuverus detects fraud with 99.98% accuracy. That means your team can rely on our results more confidently than any other platform.
Docuverus Delivers Fast, Accurate Results Making It the Most Robust Tenant Verification Platform Available
Authenticate ID
Income Verification
Auto-Calculate Income
Document Analysis
Docuverus reduces bad debt.
More Fraud Detected Means Less Bad Debt and Eviction Expense.
Cutting evictions and reducing bad debt starts with screening and qualifying. Docuverus catches fraudulent documents that pass through other detection services. That’s the benefit of owning and programing our technology. We can identify fraud and make adjustments before others even know it is fraud. And we do it with a 99.98% accuracy rate.
Docuverus is Simple to Use
Upload
Management teams can invite applicants to self-upload documents by sending them a URL link, integrate a direct link into existing application process, or upload documents directly onto the platform via browser or mobile app.
Process
Docuverus reads and authenticates documents (including IDs) through a proprietary software model. This allows us to accurately and quickly verify documents, read document contents and detect even the most advanced types of document fraud.
Results
Docuverus will quickly and accurately verify document authenticity, auto-calculate income, and provide real-time alerts about any discrepancies found. The management teams will receive a notification that results are waiting for them in the secure Docuverus platform.
Docuverus Auto-Calculates Income
More time saved and less manual error.
On average 35% of applications have miscalculated income from manual staff review. This means your applicant may not actually meet the income criteria you set. Problems can arise when applicants over qualify for income limit housing or under qualify for conventional housing. We auto-calculate income down to the penny, saving your team time and preventing costly calculation errors.
Questions?
Docuverus Educates
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While there are companies that claim to detect fraud through what they purport to be advanced forms of AI-based visual detection models, simply put, these models miss most fraud. Why? Because attempting to detect anomalies at a pixel of font level is highly inaccurate.
Fraudulent documents where the fonts were matched or where the documents were generated from a fake document generation website regularly get undetected. This is why the companies that rely on these models can only claim low fraud rates of 2-3%, when in fact the actual fraud rate if over 10% nationwide.
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While documents might be real, they may belong to someone else or they may be old documents. For example, Mary can submit Sally’s real paystubs, or Mary can submit her paystubs from last year or last month in the case where she lost her job. This is where Docuverus really shines.
We don’t just have the most advanced fraud detection model in the industry. We also have the most advanced document reading engine using proprietary technology that we built from the ground up – technology that allows us to detect if documents have a matching applicant name, are the most current, consecutive and are sufficient based on customizable lookback requirements. We are also the only service that can automatically calculate income down to the penny, saving your staff valuable time and helping to prevent calculation errors that are unavoidable with human review.
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Yes! Docuverus offers support 7 days a week. Our support team is available to assist you or your applicants by phone M-F from 9 AM to 6 PM EST, and Sat from 12 PM to 3 PM EST. Email support is available 7 days a week, and we respond to inquiries up to 9 PM EST.
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In a word, no. There are several problems with bank or payroll linking. First, they rely on having applicants divulge sensitive bank or payroll login details, which studies show that over 40% of applicants simply won’t do. And you can’t require them. Worse, among the 40+% who won’t comply are all of the fraudsters, who always opt out. In short, bank and payroll linking can sometimes verify income, but it doesn’t catch or prevent fraud.
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Not at the moment but we are actively working on it. In the meantime, it is simple to embed our link into your existing application or auto email prospects upon application completion the link to verify their documents. Rest assured, our users have found our platform simple and friendly.
“The best part is how much of a time saver it is. The team is loving it!”
— Gabriella Merrem, Community Manager, RPM Living
