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TotalVerify from Equifax

Score6.5 out of 10

5 Reviews and Ratings

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What is TotalVerify from Equifax?

Equifax provides employment, income, and education information to lenders, credit issuers, government agencies, and others so they can make faster and more informed decisions.

Categories & Use Cases

Reviews

What users are saying about TotalVerify from Equifax.
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Tenant verification made easy through Equifax

Incentivized
ABISHEAK Sureshkumar
Administrative Assistant at Eden Property Sales and Management (1-10 employees employees)

Use Cases and Deployment Scope

We use Equifax to verify tenants' details before signing a tenancy agreement with them. Equifax will go through their details in the database it has and will provide us with the data if the person is involved in any criminal actions and if they have been blacklisted by any of the property managers in the past. These details will help us in trusting the person and allowing them to stay on our premises.

Pros

  • Verifying criminal history
  • verifying identification documents
  • checking a person's details in the tenancy database

Cons

  • they can reduce their pricing
  • they can improve their customer support
  • they can make changes to their user interface

Most Important Features

  • Criminal history
  • proper identity documents
  • finding out blacklisted tenants

Return on Investment

  • were able to trust out tenants
  • sometimes even if we have to engage with a contractor Equifax helps us to trust them
  • We also do Equifax verification with people before signing up any business collaborations

Alternatives Considered

TenantCloud

Other Software Used

TenantCloud, Tenantcube, DBrow - Smart Database Browser

Necessary and Comprehensive Verification System With Flaws

Incentivized
Verified User
Strategist in Marketing (51-200 employees employees)

Use Cases and Deployment Scope

Our multifamily real estate organization utilizes Equifax reports as a part of its overall application process through another third party vendor. Equifax Verification screens potential rental applicants for credit and criminal background history, and the results are then qualified with a score that assesses an overall rental profile for the applicant. Equifax is utilized across our multi-state rental portfolio on every application.

Pros

  • Screens both credit and criminal background history on one report.
  • Interfaces with our 3rd party application software vendor.
  • Is widely used across the country, so we can trust that we're working with a reputable vendor.

Cons

  • The speed at which criminal background results are received is glacial at best.
  • Support for issues is almost non-existant.
  • Recent data breaches leave some room for concern of user's privacy.

Most Important Features

  • Accurate credit reporting
  • Accurate criminal background reporting
  • Comprehensive database of information from which to pull as industry leader in verification.

Return on Investment

  • Ensures we have a complete resident profile to review when assessing rental applications.
  • Can handle the volume of applications we receive.
  • Helps us stay in compliance with regards to fair housing standards.