Applicant income verification tool empowers property companies to improve profitability, increase occupancy rates, and identify ideal residents

VeriFast, the AI-powered Verification-as-a-Service platform that automates financial analysis and decision-making for tenant screening, mortgage underwriting, and other verticals, today announced key upgrades to its industry-redefining platform that identifies trustworthy renters and borrowers by taking a big-picture look at their financial status. Verifast is now faster and easier to use, as well as more customizable, secure, and — most importantly — accurate than ever.

“Existing financial background checks rely on a very small dataset that approves too many bad actors and eliminates nontraditional applicants that are probably great residents but simply don't have the right profile for current verification approaches,” says Verifast CEO Tim Ray. “Now faster, more customizable, and more secure than ever, Verifast eliminates applicants who look good on paper, while opening the doors to gig workers, contractors, and other reliable residents, eliminating the biases of outdated verification models.”

With the new release available today, Verifast can complete the verification process 30% faster, setting new benchmarks for a platform already known for speed as hour-long queries now take minutes. Streamlined onboarding and a cleaner UI make the intuitive platform easier to use, while customization will offer more control over workflows and user roles. Verifast will also feature upgraded compliance support and audit trails to better protect everyone’s precious personal data. Most importantly, the system built to maximize trust between renters and property owners will be more accurate, with enhanced verification performances and fewer false negatives.

“We built the new Verifast after listening deeply to our customers and pushing ourselves beyond industry standards. It’s not just an upgrade, but a bold leap forward in how we verify trust—faster, fairer, and more human than ever,” says Jess Tierney, Vice President of Product at Verifast. “Developed to meet the realities of today’s renters and property managers, our latest platform streamlines income and identity verification with even greater precision, empathy, and automation where it counts.”

The updated Verifast platform also features all-new integrations and AI enhancements, with improved document intelligence to identify key income items so clients can make more accurate decisions.

“The new Verifast was built with workflows in mind. It’s fast, smart, and enjoyable to use, and our clients love the effortless verification process, because they know it favors people who are truly qualified,” says Becca Stafford, Vice President Operations. “This isn’t just a product update—it’s the next step in building a world for prospects where trust moves with them. It’s a frictionless experience for clients and integrates easily with other platforms, including Yardi, Rent Manager, and RealPage.”

About Verifast

Verifast is making identity, financial, and employment verification better for everyone. Using a combination of innovative automation and caring humans, Verifast’s all-in-one platform helps applicants get verified while saving businesses time, reducing fraud, and improving applicant experience. With more than 2,000 5-star Trustpilot reviews, Verifast is recognized as the market-leading screening provider.

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