As property managers continue to face the challenges of fraud and evictions, we at Snappt are proud to share that our solution has saved them over $158 MILLION in costs last quarter alone 💰 We understand the financial burden that comes with evictions – not only do they result in lost rent payments, but also legal fees, court costs, and potential property damage. That's why we have made it our goal to help property managers mitigate these risks by providing best-in-class, comprehensive fraud detection services. And with the upcoming launch of our income verification offering, we stand to further revolutionize the industry and save our customers even more time and money. Curious about what our income verification will entail? Check it out here ➡ https://lnkd.in/g5vJfwiX
Snappt
Real Estate
Los Angeles, CA 21,676 followers
An AI-enabled fraud detection engine dedicated to helping you reduce bad debt and evictions
About us
There are thousands of ways to produce fake documents, and they’re impossible to detect with the naked eye. When these documents slip through your screening process undetected, it can cause some serious damage – think financial losses and a tarnished reputation. Enter Snappt! Our innovative solution empowers property managers to make informed decisions when assessing financial risks. With our AI-enabled fraud detection technology, we swiftly analyze bank statements and pay stubs, effectively stopping fraudsters before they step foot on your property.
- Website
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http://www.snappt.com
External link for Snappt
- Industry
- Real Estate
- Company size
- 51-200 employees
- Headquarters
- Los Angeles, CA
- Type
- Privately Held
- Founded
- 2019
Locations
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Primary
Los Angeles, CA 90048, US
Employees at Snappt
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Cliff Unger
CRO | Executive Leader | Team Builder | Mentor
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Chris Neil
CMO/SVP Growth & Marketing - I build and scale acquisition engines for Series A/B Venture Capital or PE backed firms.
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Nicholas Henry
Senior Software Developer for Business Applications | Contract & Consulting | Elixir | Phoenix
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Ryan Bloomer
Founder and Managing Partner of K50 Ventures - a purpose-driven, pre-seed investor.
Updates
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Find us at Blueprint Conference later this month! 🚀 Our CEO, Daniel Berlind, will participate in the featured panel, Smart Living: Leveraging AI and Amenities to Transform Multifamily Properties. Don't miss this opportunity to learn about the latest innovations in property management and how AI technology can enhance the tenant experience.
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The AI revolution is here, and it's reshaping industries in ways we never imagined. The latest article from Inc. Magazine dives into the explosive growth and unexpected challenges of generative AI over the past two years and features insight from Snappt's CEO Daniel Berlind 🚀 At Snappt, we’re embracing AI's transformative power to tackle the pressing issue of fraud in the multifamily industry. We believe that by leveraging AI technology, we can enhance trust and transparency for property managers, owners, and renters alike. Check out the full article to learn more about the AI landscape and its impact on various sectors ➡ https://lnkd.in/e8GXW-3S
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Explore fraud percentages in different areas using our fraud heat map 🔥 We've compiled data from our properties across the country to provide property managers with a detailed overview of the areas most affected by fraud. Fraudsters often get pushed to surrounding properties that don’t use Snappt, resulting in higher fraud rates at those properties. Our research has shown that Snappt reduces application fraud rates by as much as 35% within the first 4 months of using our solution. Notice a low fraud rate? That's likely because Snappt-protected properties have experienced a decline in fraud since onboarding. Explore your fraud rate here ➡ https://lnkd.in/gdFVmB2t
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In 2023, over 93% of property managers encountered fraud, making it crucial to have a solution that stops fraudsters before they set foot on your property. Enter Snappt! We stand out in the industry as the sole comprehensive solution for fraud detection and income verification. Our AI-powered technology helps streamline your processes and shields your properties from even the most sophisticated types of fraud. Our new income verification offering, launching in fall 2024, will improve operational efficiency by automating gross pay calculations and verifying applicants via our connected payroll API.
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According to the 2022 McKinsey study, 58 million US workers are independent, and roughly 69% of those 58 million are gig workers. Verifying income can be more complex with the rise of gig economy workers and freelancers, but it doesn't have to be! Utilizing third-party verification services can streamline this process, providing property managers with accurate, reliable data while helping to spot discrepancies. With the launch of our income verification suite this fall, it will be easier than ever to verify applicant gig work. Our partnership with Argyle will allow Snappt customers to verify income from over 25 gig platforms 🎉 Check out our recent article to learn more about verifying gig work ➡ https://lnkd.in/gVAGNu4j
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Think you don't have applicant fraud at your property? Wrong. You just haven't discovered it yet. From fake pay stubs and bank statements to more devious methods like Inception Fraud, the tactics used by fraudsters are more sophisticated than ever and impossible to spot with the naked eye. To combat this effectively, property managers need robust fraud detection technology and must stay informed about emerging fraud trends. Lucky for you, Snappt is here to help with both. Schedule time with us to see how we can protect your properties and streamline your workflow ➡ https://lnkd.in/g5MWgg5v
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Did you hear the news? We're running a special promo for Budget Season! 💫 For a limited time, you can get 14 months for the price of 12! With unrivaled unit protection, extensive funding, best-in-class AI, and the most investment in R&D, the choice is clear. We lead the way in fraud detection, income verification, and community protection. Enjoy our best-in-class fraud detection technology at an unbeatable price. Get started here ➡ https://lnkd.in/gCY9gz-b
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Exciting news! Snappt has been ranked #1 in Artificial Intelligence and #41 overall on the Inc. Magazine list of 5000 fastest-growing companies 🎉 This prestigious list recognizes the top private companies in the United States based on their revenue growth over a three-year period. Our best-in-class fraud detection software has helped property management companies save time and money by streamlining their document verification process. With Snappt, properties across the nation are protected from fraudulent applications that lead to costly bad debt and evictions. We are thrilled to be included among such esteemed companies, and we owe it to our dedicated team, loyal customers, and innovative technology. Read more about this announcement here ➡ https://lnkd.in/dCDUKt-j
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Snappt is excited to partner with Pegasus Residential for PEGTalks 2024! PEGTalks is an innovative digital expo crafted to foster business connections and highlight the newest technological breakthroughs in the multifamily sector. In this talk, we'll be providing an overview of our product and answering any questions about fraud and how to prevent it. A big thank you to Pegasus for the continued partnership. It's a privilege to engage in PEGtalks and we look forward to sharing our knowledge and networking with fellow multifamily professionals!
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