TransUnion and Asurint to Deliver Resident Screening Solution to Multifamily Property Managers that is at the Forefront of the Industry
Rhea-AI Summary
TransUnion (NYSE: TRU) has announced a collaboration with Asurint to enhance its TruVision™ Resident Screening solution for multifamily property managers. This partnership integrates Asurint’s comprehensive criminal background reporting, ensuring compliance with federal, state, and local regulations. The enhanced solution offers nationwide automated coverage and improves the speed of background checks, delivering most reports within minutes and same-day for more complex cases. The solution aims to assist property managers in making informed decisions while maintaining consumer privacy.
Positive
- TransUnion's collaboration with Asurint enhances its TruVision™ Resident Screening solution, providing comprehensive criminal background reporting across the US.
- The solution ensures compliance with federal, state, and local regulations, supporting consumer privacy rights.
- Background checks are fast, with most reports completed within minutes and more complex cases returned same-day.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TRU declined 0.38%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Collaboration provides industry-leading criminal background information within a compliance-focused framework
CHICAGO, July 09, 2024 (GLOBE NEWSWIRE) -- Multifamily property managers face a daunting task when it comes to screening applicants. They need to conduct thorough criminal background checks in a timely manner, while observing increasingly stringent consumer privacy regulations. To address this challenge, TransUnion (NYSE: TRU) announced today its collaboration with Asurint to provide a compliance-focused solution for criminal background screening.
TransUnion’s TruVision™ Resident Screening solution now comprises the breadth and depth of Asurint’s criminal background reporting—with coast-to-coast automated coverage across the US. In addition, Asurint’s engine automatically applies federal, state, and local filters designed to address consumer protection and housing regulations, to equip property managers with quality data.
“Multifamily operators need to trust that their resident screening reports are up to date,” said Maitri Johnson, SVP and head of TransUnion’s tenant and employment screening business. “TransUnion’s collaboration with Asurint, allows us to deliver that service to help property managers make informed decisions, while also focusing on consumers’ rights.”
The collaboration also allows TransUnion to deliver background reports with unparalleled speed. Most reports without background hits come back within minutes, while those requiring additional vetting are usually returned same-day. The turnaround time becomes more impressive considering the depth of coverage, which includes backgrounds on applicant aliases, sanctions and abuse registries and more.
“Asurint’s collaboration with TransUnion sets a new standard in tenant background screening using solutions already proven in the pre-employment and public health space,” said Alla Schay, Chief Executive Officer, at Asurint. “By using our combined solutions, multifamily operators can feel good that they are receiving industry-leading criminal information in a timely manner.”
About Asurint
Asurint has 17 years of innovation and growth in the industry with powerful background screening and monitoring technology backed by subject matter experts and personalized solutions. Our technology enables clients to make faster, more informed decisions that promote safer workplaces and communities. Performing more than 10 million background screens annually, Asurint’s technology and resources have proven scalability to meet tomorrow’s challenges. http://www.asurint.com
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
| Contact | Dave Blumberg TransUnion |
| david.blumberg@transunion.com | |
| Telephone | 312-972-6646 |
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