Designed by NTN to solve the need to safeguard sensitive consumer data, NTN DecisionPoint serves the interests of subscribers from Enterprise level managers to small subscribers. For the Enterprise level manager, NTN DecisionPoint delivers all the same analyses and benefits to our subscribers as DecisionPoint Plus, with the exception of the applicants credit report. The applicants credit report is retained in the NTN national system for administrators eyes only. For the small subscriber who does not qualify to receive credit reports under the new bureau rules, NTN DecisionPoint provides all the information you need to make a sound rental decision.
Recently, however, the nation’s three major retail credit bureaus (Experian, TransUnion and Equifax) have, independently of each other, instituted THEIR OWN new and more stringent regulations with regard to the process of qualifying customers who specifically wish to purchase and/or receive retail credit reports, or information directly from these reports, from tenant-screening companies and other data resellers. The new requirements are intended to help combat credit fraud and identity theft. Identity theft is now the fastest-growing crime in the United States. Last year alone, more than 9.9 million Americans were victims of identity theft - a crime that cost them approximately $5 billion.
Although all subscribers who wish to continue to receive any retail-credit-based information about their applicants will still be required to submit certain paperwork in order to do so, National Tenant Network, in an effort to improve our services, provide our subscribers with maximum choice, and minimize the inconvenience they face in adjusting to the new regulations, has created a NEW report - NTN DecisionPoint.
- verification of the information provided on the rental application;
- proprietary NTN default standards, built into the programming, to fully evaluate the applicant and produce a fair and meaningful score;
- the ability to customize certain credit and tenant-performance settings in accordance with your own acceptance criteria;
- a rental recommendation, which you are free to override;
- a rejection letter, fully compliant with the FCRA laws, if applicable;
- Alerts which emphasize areas of possible concern, including the existence of public records;
- and, a “messages” section to assist you in understanding the reports results.
What you get:
- All of the information you need to make a sound rental decision - presented in a clear and easy-to-understand format comprehensive – objective – and in plain English.
- The bureau-required on-site inspection(s) and fee(s);
- The potential for inconsistent decision making, which may lead to claims under federal fair housing laws;
- The task of reading and understanding complex credit reports;
- The potential for sensitive consumer data falling into the wrong hands.