The Naborly Report is a dynamic 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 Report also includes the tenant’s credit information sourced directly from Equifax. The Naborly score ranges from 400-900 and analyzes hundreds of variables using a tenant screening algorithm.
The Naborly Intelligent System provides landlords and property managers with an analysis of several factors, including identity, employment, income, and credit records. As you read through your Report, in general, red indicates potential high risk, yellow indicates potential average risk, and green indicates potential low risk.
The Naborly Report
- Primary Analysis
- Tenancy Outcomes
- Financial Analysis
- Secondary Analysis
- Key Risks
- Rental History Search
- Sex Offender Registry Check
- Credit Summary
- Public Records
- Application Summary
- Documents
1. Primary Analysis
We verify identity, employment, and income based on the documents provided by the Applicant.
Identity
Identity verification will be classified in one of three ways based on the documents they provide:
- Verified: Naborly was able to confirm the Applicant's identity with the ID they provided
- 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
- Partially Verified: Naborly was not able to confirm one of the two unique IDs required for a Pro+ screening, or the Applicant uploaded the same ID twice
Click here to learn more about the criteria we use to verify an applicant's ID.
Employment
Employment verification will be classified in one of three ways based on the documents they provide:
- Verified: Naborly was able to confirm that the applicant is currently employed by the employer stated in the Application
- Unverified: Naborly was not able to confirm that the applicant is currently employed by the employer stated in the Application
- 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 verification will be classified in one of three ways based on the documents they provide:
- Verified: Naborly was able to confirm that the applicant is earning the income that they stated in the Application
- Unverified: Naborly was not able to confirm that the applicant is earning the income that they stated in the Application
- 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
Click here to learn more about the criteria we use to verify an Applicant's income document(s).
Credit Check
The Equifax credit check is conducted during the screening process, and the results will appear in one of three ways:
- Cleared: The Applicant's Equifax credit file does not show any bankruptcies, judgments, collections, and/or liens
- Not cleared: The Applicant's Equifax credit file shows bankruptcies, judgments, collections, and/or liens
- Unable to Pull Credit: We were unable to access the Applicant's Equifax credit file. Click here to learn why we were not able to pull credit
Eviction Search
- 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
- Records found: The Applicant's rental history shows eviction records, as disclosed by the Applicant or found in their Equifax credit file
2. 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.
3. 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
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
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
Bankruptcy Search
- Bankruptcy records (if any) are contained within the Applicant's credit file provided by Equifax
Collections Search
- Collection records (if any) are contained within the Applicant's credit file provided by Equifax
Liens & Judgements
- Lien/judgement records (if any) are contained within the Applicant's credit file provided by Equifax
Fraud Risk
- Fraud risk alerts (if any) are contained within the Applicant's credit file provided by Equifax
Credit Debt
- Credit 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
4. Secondary Analysis
The Naborly Intelligent System also provides analysis on:
Income Stability
- Analysis of the Applicant's financial and employment history based on the information in their Application
Pet Liability
- 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
5. 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 why will be highlighted as a Key Risk. Any time identity or income is unverified, this will potentially have a negative impact on the Applicant's Naborly score and Tenancy Outcomes.
6. 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.
7. 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.
*This section will only appear if you've sent out a Pro screening.
8. Credit Summary
The Equifax Credit Summary includes personal information, recorded addresses, recorded employment, credit inquiries, credit score, and total monthly debt payments.
9. Public Records
Public records include bankruptcies, judgments, collections, liens, as well as a breakdown of the Applicant's debts and payment patterns.
10. Application Summary
The Application Summary shows all the information that was filled out directly by the Applicant. This section includes rental information, personal information, additional occupants' information, rental history, financial information, and vehicle information if applicable.
11. Documents
The end of the Report will show all the documents that the Applicant provided, including ID Documents, Income Documents, and Pet Photos (if applicable). Any PDF documents can be opened in a separate tab, by pressing the icon.
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