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Here are some questions
that we are asked often. If you have any other questions,
feel free to ask us by e-mail or
phone.
How does the American DataBank
Screening process work?
American
DataBank Screening accesses a variety of public databases,
including credit information (the best credit bureau Experian,
Equifax, or TransUnion or each area of the country is
selected automatically), non-sufficient funds check data,
and criminal information (an optional feature). Additionally,
American DataBank Screening accesses proprietary databases
that are exclusive to American DataBank customers such
as eviction information where available, address matching,
and resident history data. A rental recommendation is
determined by American DataBank Screening? complex scoring
algorithm, which is designed to fit each site? unique
needs, and returned in less than a minute. Some results
may take longer depending on the amount of criminal information
requested.
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How can American DataBank
Screening provide a recommendation so quickly without making
calls to creditors employers or landlords?
As technology has evolved, so too has
the timeliness and quality of resident screening data. American
DataBank Screening has online access to credit information
from the major credit bureaus. With the information gathered
by American DataBank Screening, managers avoid the time-consuming
and often subjective process of manually verifying rental
and employment information. Besides credit, criminal, and
other publicly available sources of information.
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What
are the benefits of using American DataBank Screening versus
having on-site personnel manually process the applications?
American DataBank
Screening provides fast, accurate, and consistent rental
decisions, reduces operating and opportunity cost, increases
revenue from better rental decisions, and reduces fair housing
discrimination exposure. The flexibility of American DataBank
Screening allows the modification of selection criteria
that make rental decisions clearly defined and controllable.
Because they are using the most comprehensive source of
rental history information in the multifamily industry,
your site personnel are free for more productive activities
such as renting available units and providing quality customer
service to existing residents rather than engaging in time-consuming
verifications.
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How
will American DataBank Screening accommodate the unique needs
of my portfolio?
One of the features
that truly sets American DataBank Screening apart is the
system's flexibility. American DataBank Screening allows
you to select from a standard set of scoring models that
reflect your policies and support consistent credit decisions
for prospective residents. These models are derived from
criteria used by credit evaluation experts as well as the
preferences of our customers, which we?e been compiling
for more than 20 years. You can use one or more of these
standard models; modify a model to meet the unique, competitive,
and economic needs of your apartment communities; or create
your own scoring model from the ground up.
What
information do I need to perform the criminal search?
The full
name and date of birth of the applicant (as well as Social
Security number for some jurisdictions) are required.
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Do I need the applicant's
permission to run a criminal search?
The application
should include language stating that a criminal search will
be run. When the applicant signs the application, permission
will be granted. Be sure to check with your own attorney to
fully understand any local laws or regulations concerning
the access and use of criminal records.
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Is it possible for my
properties and on-site personnel to receive copies of applicants?
Credit reports for their records?
Yes. American DataBank Screening provides
a detailed or summarized credit and information profile
at no extra cost.
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Will American DataBank Screening
be available when I need it?
Except for occasional system maintenance,
American DataBank Screening is available for use 24 hours
a day, seven days a week.
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What is the cost of American
DataBank Screening?
American DataBank Screening is generally about
25-50% less expensive than similar web-based resident screening
systems.
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What software do
I need to run American DataBank Screening?
American DataBank Screening requires Internet
access using Microsoft Internet Explorer (version 5.5 or
greater) and Windows 98, Windows 2000, or Windows NT.
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