Name: VeriFast
Price: 9.99 USD
Author: Verifast

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Development

School Management

Education

Board Management

Business Intelligence (BI)

Collaboration

Digital Rights Management (DRM)

Risk Management

Enterprise

Accounting

Accounts Receivable

Budgeting and Forecasting

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Build Automation

Cloud Storage

Data Fabric

Email Verification

Firewall Security Management

Fraud Detection

IP Address Management (IPAM)

Infrastructure Capacity Planning

Integration Platform as a Service (iPaaS)

IoT Security

Network Performance Monitoring

Network Simulation

Network Traffic Analysis (NTA)

Output Management

Platform-as-a-Service (PaaS)

SOA Application Gateways

Software Components

Software-Defined WAN

Web Content Filtering

Web Portal

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Audio Editing

Blogging

Content Management

Email Marketing

Gamification

Local Marketing

Marketing Automation

Mobile Analytics

Product Sampling

Search Engine Marketing (SEM)

Social Media Management

Survey & Forms Building

Video

Video Editing

Web Analytics

Website Builder

Marketing

Job Site Management

Project Management

Waste Management

Writing and Proofreading Tools

Professional Services

Customer Relationship Management (CRM)

Social Commerce

Sales

Security Orchestration, Automation and Response (SOAR)

Security

Architecture

Last Mile Delivery

Legal Case Management

Nonprofit CRM

Physical Therapy

Roofing

Vertical-Specific

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VeriFast, according to the vendor, is a digital verification analytics platform designed to provide a secure means of verifying tenants' and borrowers' financial ability to pay and digital ID. The product is said to cater to companies of various sizes, from small businesses to large enterprises. It is marketed towards professionals and industries such as mortgage and lending professionals, property owners and managers, real estate professionals, financial service providers, and tenant screening companies who may benefit from VeriFast's features and insights.

## Key Features

**Instantly Verify**: VeriFast, as claimed by the vendor, enables instant verification of tenants' and borrowers' financial ability to pay and digital ID, providing a digital onboarding experience with optimized process flows.

**All Income Sources**: VeriFast, according to the vendor, allows for the verification of various income sources, including direct deposit, government subsidies, and gig economy income. It captures monthly balances, calculates averages, and provides insights into applicants' spending patterns, cash flow, and buying behavior analytics.

**Rent Payment History**: Users can access and analyze rent payment history to assess applicants' financial responsibility, as per the vendor. VeriFast is said to detect consistent rent-utilities payments and assist property owners and managers in making informed decisions based on tenants' rent payment behavior.

**Employment & Payroll**: VeriFast, according to the vendor, captures and summarizes borrower payroll and employer data, allowing for employment validation prior to close. It provides real-time monitoring for tax transcripts and delivers full tax transcripts/data using modernized IRS systems for digital underwriting processes.

**Digital ID**: VeriFast, as claimed by the vendor, offers real-time anti-fraud biometrics to verify applicants' digital IDs. It captures current name, address, and picture, comparing them against the stated application data. Users can compare government picture IDs against live video captures for enhanced security and identity verification.

**Detailed Analytics**: VeriFast, according to the vendor, cross-references numerous digital financial, employment, and ID data points to drive insights for instant decision-making. It provides trended income, assets, and tax data, allowing users to perform debt service calculations and cash flow analyses to determine applicants' ability to meet financial obligations.

**Secure Consumer Connections**: VeriFast, as claimed by the vendor, ensures secure connections between consumers and lenders, property owners, and financial service providers. It uses advanced data enrichment and categorization techniques to enhance accuracy and provide valuable insights. Users can connect digitally through bank credentials or bank statement uploads for a seamless verification process.

**Data Enriched Accuracy With Advanced Categorization**: VeriFast, according to the vendor, employs an advanced categorization system to enhance data accuracy by categorizing income and expense items. It auto-updates profit and loss statements based on accurate tagging of income and expenses, providing detailed analytics and insights into applicants' financial profiles. VeriFast claims to offer data enrichment with a significant increase in data categorization compared to single-source solutions.

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What is VeriFast?