Experian(R) RentBureau(R) and Yardi(R), a provider of real estate software solutions, are improving the rental industry by launching an interface that helps renters build credit history by having their rental payments reported to Experian RentBureau, the companies have announced. The new interface enables Yardi’s property manager clients to report rental payment data to Experian RentBureau easily and seamlessly.
“We are on a mission to broaden opportunities for consumers to gain access to the credit marketplace,” said Emily Christiansen, director of Experian RentBureau. “By working with Yardi, we are significantly expanding the number of consumers who can benefit from having their rental payments reported, which can make a real impact in the daily lives of renters nationwide.”
Yardi clients simply sign up with Experian RentBureau to have their rental payment history reported from Yardi Voyager(R) automatically. In addition to the benefits to consumers, property managers that furnish rental payment history data to Experian RentBureau gain enhanced protection from lease skips, a faster debt-recovery process and more residents paying rent in a timely manner.
“We are dedicated to continually improving our platforms and services to further meet the evolving needs of our clients,” said Patrick Hennessey, vice president/general manager, Resident Screening, at Yardi. “Adding the capability to report valuable rental payment data to Experian RentBureau through a seamless process will help our clients manage their portfolios more efficiently and enhance their service to their clients, which positions them for real growth.”
Rental payment history data also is available to Yardi clients through Yardi Resident Screening. This service enables clients to make more informed applicant-screening decisions, reduce skips and accept higher-quality residents.