The Naborly Report is a tool designed to help landlords better understand if a tenant will be a good fit for their property. The Report is the result of a comprehensive background check based on the rental property, the rental market, and data provided by the prospective tenant. The score is from 400-900 and analyzes hundreds of variables using a tenant screening algorithm. The Report also includes the tenant’s credit information provided directly from Equifax. The sections of the Report are broken down as such:

1. The Report
2. Rental History Search
3. Sex Offender Registry Check
4. Equifax Credit Summary 
5. Rental Application
6. ID & Income Document(s)

I. The Report

The Report page is broken down into 4 key sections:

1. Primary Analysis
2. Secondary Analysis
3. Financial Analysis
4. Key Risks

The Naborly Intelligent System provides analysis of several factors, including identity, employment, income and credit records.

In general, items highlighted in red indicate potential high risk, yellow indicate above average potential risk, and green indicate potential low risk.

1. Primary Analysis

The Primary Analysis is comprised of 2 sections: Verification and Tenancy Outcomes. 

Verification:

We verify identity, employment, and income based on the documents provided by the Applicant.  

Identity Verification

ID Documents can be verified in three ways:

1. Verified: Naborly was able to confirm the Applicant's identity with the ID they provided
2. Unverified: Naborly was not able to confirm the Applicant's identity with the ID they provided, or the document was not an acceptable government-issued photo ID

Click here to learn more about the criteria we use to verify an applicant's ID.

Employment Verification

Employment Documents can be verified in three ways:

1. Verified: Naborly was able to confirm that the applicant is currently employed by the employer stated in the Application
2. Unverified: Naborly was not able to confirm that the applicant is currently employed by the employer stated in the Application
3. Partially verified: Naborly was not able to fully confirm that the applicant is currently employed because some of their documents did not show their income source information

Income

Income Documents can be verified in three ways:

1. Verified: Naborly was able to confirm that the applicant is earning the income that they stated in the Application
2. Unverified: Naborly was not able to confirm that the applicant is earning the income that they stated in the Application
3. Partially verified: Naborly was not able to fully confirm that the applicant is currently earning income because some of their documents did not clearly show income

Note: If the status of the Application is "additional information requested", and the Report shows that income was Verified, it means Naborly was unable to verify the full income. However, Naborly has adjusted the income based on the amount visible on the document provided. These changes can be seen in the Financial Information of their Rental Application.

Click here to learn more about the criteria we use to verify an Applicant's income document.

Credit Status Check

1. Cleared: the Applicant's Equifax credit file does not show any bankruptcies, judgments, collections, and/or liens
2. Not cleared: the Applicant's Equifax credit file shows bankruptcies, judgments, collections, and/or liens
3. If credit status shows ---, we were unable to access the Applicant's Equifax credit file. Click here to learn why we were not able to pull credit

Sex Offender Registry

1. No records found: the applicant does not show up in the National Sex Offender Registry
2. Records found: the applicant was found to be in the National Sex Offender Registry's database

Eviction Search

1. No records found: the Applicant's rental history does not show eviction records, as disclosed by the Applicant or found in their Equifax credit file
2. Records found: the Applicant's rental history shows eviction records, as disclosed by the Applicant or found in their Equifax credit file

Tenancy Outcomes:

Tenancy Outcomes indicate potential risk. These potential risks are based on a predictive analysis of the tenant’s application, as compared to the rental property. These outcomes are not necessarily based on the Applicant's past behaviour.

In general, outcomes highlighted in red indicate higher potential risk, outcomes highlighted in yellow indicate above average potential risk, and outcomes highlighted in green indicate lower potential risk.

2. Secondary Analysis

The Naborly Intelligent System also provides analysis on:

Income & Employment Stability

• Analysis of the Applicant's financial and employment history based on the information in their Application

Pet Liability Analysis

• Analysis of how the Applicant's pets(s) would potentially affect the rental property based on the information in their Application

Property Suitability

• Analysis of how well the Applicant would fit with the rental property based on the Applicant's intended use, as stated in their Application

3. Key Risks 

This section shows the key risks identified by Naborly, and explains some elements that may have affected the Naborly score.

If an ID or Income Document was unverified, the reasons will be highlighted as a key risk. Any time identity or income is unverified, this will have a negative impact on the Applicant's Naborly score and outcomes.

4. Financial Analysis

The Naborly Intelligent System assesses the Applicant's cash flow and credit information, and outlines potential financial risk.

Rent to Income Ratio

• Rent to Income Ratio indicates what percentage of the Applicant's verified monthly income will be spent on the monthly rental cost
• If an Applicant has overstated their income, the Rent to Income Ratio will be based on the income amount that we can verify with the document(s) they provided

Debt to Income Ratio

• Debt to Income Ratio indicates what percentage of the Applicant's verified monthly income will be spent on their minimum monthly debt payments, as found on their Equifax credit file
• If an Applicant has overstated their income, the Debt to Income Ratio will be based on the income amount that we can verify with the document(s) they provided

Cash Flow Analysis

• Cash Flow Analysis is determined by how much disposable income they have based on the information provided in the Application. This is closely related to the Rent to Income Ratio and/or Debt to Income Ratio

Consumer Behaviour Analysis

• Consumer Behaviour Analysis is based on the Applicant's financial information and Equifax credit file. This is closely related to Debt to Income Ratio

Credit Check

• The Equifax Credit Score is calculated by Equifax and uses a numerical range of 280 to 850 and is based on the FICO scoring model, where higher scores generally indicate lower credit risk

Bankruptcy Search

• Bankruptcy records (if any) are contained within the Applicant's credit file provided by Equifax

Collections

• Collection records (if any) are contained within the Applicant's credit file provided by Equifax

Liens/Judgments

• Lien/judgment records (if any) are contained within the Applicant's credit file provided by Equifax

High Risk of Fraud

• High risk fraud alerts (if any) are contained within the Applicant's credit file provided by Equifax

Total Consumer Debt

• Total consumer debt is taken from the total balance on the Applicant's revolving credit and credit card, contained within the Applicant's credit file provided by Equifax

Total Debt

• Total debt is taken from the total balance on all of the Applicant's debts, contained within the Applicant's credit file provided by Equifax

II. Rental History Search

Naborly verifies current and previous addresses claimed by the Applicant by comparing it to the addresses found on their Equifax credit file. 

III. Sex Offender Registry Check*

Naborly uses the Sex Offender Registry provided by the US Department of Justice and/or the individual states to conduct a sex offender registry check. Please note this Pro Screening is only available in the United States. The records found in this search do not affect the applicant’s tenancy scores or Naborly’s analysis of the applicant.

IV. Equifax Credit Summary

The Equifax Credit Summary includes personal information, recorded addresses, recorded employment, credit inquiries, credit score, and total monthly debt payments.

• Public records include bankruptcies, collections, judgments, and liens

• Debt summary includes a breakdown of the Applicant's debts and payment patterns

V. Rental Application

The Rental Application section of the Report shows all the information that was filled out directly by the tenant. This section includes rental information, applicant's personal information, additional occupants' information, rental history, financial information, and vehicle information if applicable.

VI. ID & Income Document(s)

The last pages of the Report will show all the documents that the Applicant provided, including ID Documents, Income Documents, and Pet photos (if applicable).

See also:

• Why was my tenant's document unverified?
• How do I Approve or Deny an Applicant?