Unsatisfied with the time-consuming process of physically collecting and reviewing pay stubs and bank statements as part of their tenant screening process, AppFolio knew it was time to turn to a digital-first solution. Initially challenged to find an income-verification solution that would easily integrate into its platform while being fast, convenient and digitally efficient – AppFolio turned to Experian as their trusted partner.

Download the case study to learn about the incredible results AppFolio saw after their first year with Experian’s AccountView.

IDC describes how new market entrants are offering employment and income verification alternatives to address some of the key challenges facing lenders today.

Lenders are tightening underwriting criteria due to high delinquencies among consumers and small businesses amid inflation. People are revising their spending and investment plans. While technology companies thrive, sectors like logistics, utilities, and healthcare face challenges. Supply chain issues are easing, but reduced demand affects inventory orders, impacting trucking and logistics with lower tonnage and mileage. Consumers show resilience, bolstered by a strong job market, wage growth, and lower energy and food costs. However, dwindling savings and increased reliance on unsecured debt, along with the resumption of debt obligations like student loans, and ongoing inflation, put pressure on consumers. Recession fears are easing, but concerns for 2024 remain.

The Summer 2023 report contains several insights on the economic landscape impacting small businesses, among them — rising delinquencies being a significant concern. The latest report emphasizes the need for strategic planning and careful management of debt, along with an understanding of broader economic factors that may impact small business performance.

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