Optimizing Rental Applications
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Matrix Rental Solutions]
A tenant analysis fintech platform, Matrix Rental Solutions has built a tenant scoring model called MAIA (Matrix Asset & Income Analysis) that allows landlords and property managers to underwrite and approve tenants quickly, particularly in the area of affordable housing. Its universal rental application uses machine learning and direct connectivity to gather information on assets, income, previous rental history, and employment data to provide more complete applications in a consistent format. Rather than using credit as a sole indicator, MAIA uses multiple data points to produce an “ability to pay” score. Their process also reduces Source of Income discrimination potential by considering the subsidy and automating the underwriting process.
What we like: Screening tenants in less than an hour, rather than several days, is a big efficiency improvement.
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