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Income verification tool

(0)

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Payscore Reviews

Overall rating

4.4

/5

16

Rating criteria

  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9.86/10

Reviews by rating

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Pros and cons

The team is very friendly and responsive and continues to support through our use of Payscore. Huge thanks to [sensitive content hidden.
Customer representatives are incredibly responsive whenever I have any questions or suggestions and have been amazing to work with.
Closing Docs gave us the update we needed and has been a seamless and wonderful transition to online applications.
Further, no company should pressure their customers to be exposed to the significant financial risk generated by using The Closing Docs.
He refuses to see when there are issues with the pull and will argue with me until I have to outline the situation again.
While 95% of applicants comply, there are still older applicants that hesitate through the income verification.
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16 reviews

Recommended

FD
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Falinda D.

Real Estate, 11-50 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Game Changer

Reviewed 7 months ago

Payscore was a game changer for us. Reduced fraud, created efficiencies in the application process, and gave our team more time back in their day. Would not operate without this type of service/technology.

Pros

Customer service, ease of use of the dashboard, ease of reports. The Payscore team listens to feedback from the end user and implements, when appropriate.

Cons

Can be frusterating to a non-tech savvy applicant.

TC
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Tessa C.

Real Estate, 1-10 employees

Used weekly for less than 6 months

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Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Payscore is wonderful!

Reviewed a year ago

The team is very friendly and responsive and continues to support through our use of Payscore. Huge thanks to [sensitive content hidden]. Payscore has made our process much more streamlined and easier on applicants and our staff!

Pros

Payscore has a great team that will assist with any questions and can walk you through any issues you may have. They truly are committed to helping you full integrate Payscore to make your workflow easier!

Cons

I have not come across an aspect we do not like about Payscore.

OC
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Oliver C.

Airlines/Aviation, self-employed

Used monthly for less than 6 months

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Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Applicant at risk

Reviewed 2 years ago

Rent an apartment.

Pros

Nothing. This software gives every appearance that it is a scam.

Cons

This verification relies on the applicant surfing onto The Closing Docs portal & logging onto their bank account, via that portal. Although The Closing Docs claims that they do not see or keep the applicant's username & password for their bank account, they do not provide any evidence of that. It is simply, "Trust us." That is not reasonable given that they are a fly-by-night startup. One of their developers could have fraudulently written the software such that the information is being collected. Further, no company should pressure their customers to be exposed to the significant financial risk generated by using The Closing Docs.

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Verified reviewer

Financial Services, 1,001-5,000 employees

Used daily for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Fraud-proof income verification!

Reviewed 3 years ago

Awesome and painless.

Pros

Fraud proof, real-time, fast and accurate.

Cons

I can't think of any. It's a perfect service/product.

MS
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Marty S.

Real Estate, self-employed

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Easy as Pie

Reviewed 4 years ago
Pros

I was referred to The Closing Docs by a friend who manages 20 doors and I only manage 4. The Closing Docs was super intuitive to sign up and set up for a trial in order to request my first income verification for a tenant applicant. I used to do it manually and it took several hours. Once I added my applicant's info to the system, the income verification came back around 45 minutes, and I had the lease sent to them and signed within the hour. It's never been so easier to verify an applicant's income! My new tenant also thought that the fee was very fair for them to pay.

Cons

The mobile user experience was not as easy to use as the desktop experience.

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Verified reviewer

Real Estate, 11-50 employees

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Just use RealPage

Reviewed 4 years ago

You get what you pay for. It's cheaper, but so is the product and support.

Pros

-You can do an "expedited background and credit check" that does not need an SSN. Good for shaky tenants who do not want to share that.

Cons

The income verification shows EVERY DEPOSIT (including refunds). Very disorganized. Continuously have issues with support, who is the company founder. He refuses to see when there are issues with the pull and will argue with me until I have to outline the situation again.

Vendor response

Thanks for submitting a review regarding The Closing Docs. We would be more than happy to answer whatever questions you have about our automated income verification services. Because you have described services we do not deliver, it may be that you have us confused with another of your vendors? And you list having a service experience which is atypical, further suggesting you may be thinking of others. Any of our existing customers will tell you the team is prompt, courteous and resolute in meeting their needs. Please feel free to connect with us at support@theclosingdocs.com and we'll be happy to foster your success while addressing any concerns or questions you may have.

KM
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Kristin M.

Real Estate, 11-50 employees

Used weekly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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Fantastic Customer Service

Reviewed 4 years ago
Pros

The Closing Docs customer service is extremely punctual, friendly, helpful and patient. The chat button they offer to all users is very efficient and effective and regularly monitored and chat questions are always responded to quickly.

Cons

Some banks aren't compatible with this system

Vendor response

Thank you for your review, Kristin! We are hard at work and plan to drastically increase the number of supported banks in the upcoming few weeks. Stay tuned!

PP
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Peter P.

Real Estate, self-employed

Used weekly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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CLOSING DOCUMENT HAS SAVED ME NUMEROUS HEADACHES

Reviewed 4 years ago

Easy Peasy. I love them.

Pros

I can easily see all deposits so I know if applicants are reporting income properly. No more babysitting applicants to prompt them to send in pay stubs - which could be easily faked. And its integrated with Buildim

Cons

I don't have any complaints or conts to report.

KL
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Katie L.

Real Estate, 11-50 employees

Used daily for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Great Product!

Reviewed 4 years ago
Pros

I love how this product is efficient and accurate!

Cons

Would like to see credit unions be supported

CF
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Christopher F.

Real Estate, 1-10 employees

Used monthly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Best Way To Verify Income and Bank Balances

Reviewed 4 years ago

It gives us a really detailed dive into recurring and non recurring deposits, the average net income and bank account balances that are linked to the account. We've had some resistance and some of that we were able to convince to use the program. However, most applicants have been completely fine with syncing to their accounts after we assure them it only provides us a report and not access.

Pros

This gives us so much piece of mind and combats against applicants providing fraudulent bank and pay statements. It syncs so effortlessly with our property management software.

Cons

The only minor issue is that I would like the mobile number to auto populate the same way it does with the name and email of applicants when it's synced with my property management software. That's the only issue I have which is pretty much a non issue.

Vendor response

Thank you Chris, we are happy to make your life easier as a property manager!

SW
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Scott W.

Real Estate, self-employed

Used other for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Quick, Easy and Effective

Reviewed 5 years ago
Pros

Everything I needed, one stop shop: for both sides.

Cons

Didnt know about it sooner. Could have saved much time m

JL
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Jeremy L.

Real Estate, 1-10 employees

Used monthly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Very Helpful Tool For Our Business!

Reviewed 5 years ago

The Closing Docs has been very useful in helping us determine and verify if an applicant meets our minimum income requirements. Customer support has also always been responsive and attentive to our needs and suggestions. Overall this is an excellent application for income verification.

Pros

Very user-friendly and easy to use, Reports are easy to read and understand, Helpful in verifying the income of our applicants, Very reliable tool

Cons

None - Any suggestions or additions we requested were made.

GB
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Gracie B.

Real Estate, 1-10 employees

Used weekly for less than 6 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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The Update We Needed!

Reviewed 5 years ago

Customer representatives are incredibly responsive whenever I have any questions or suggestions and have been amazing to work with. Closing Docs gave us the update we needed and has been a seamless and wonderful transition to online applications.

Pros

The closing docs is extremely user friendly- for both our applicants but also our team reviewing the applications. It's great that applicants can pay the application fee online. Your application can be adjusted to fit your specific needs. It's a win-win for everyone!

Cons

None! Anything we've needed tweaked has been instantly addressed and changed. We're very happy!

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Verified reviewer

Computer Software, 1-10 employees

Used daily for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Streamlines my tenant application process

Reviewed 6 years ago

Income verification has always been a hassle, and the current methods of using pay stubs and W-2 forms are outdated. The Closing Docs modernizes and digitizes the income verification process for property managers, creating efficiency in our business!

Pros

The Closing Docs' automated income verification allows me to automate the entire rental application process. When you're a property management firm trying to scale, automation is key and The Closing Docs allows me focus my time on more high-impact items!

Cons

While 95% of applicants comply, there are still older applicants that hesitate through the income verification. Luckily, The Closing Docs provides an alternative workflow for the people uncomfortable with connecting their banks.

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Shanna C.

Computer Software,

Used other for less than 6 months

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Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Quick and comforting

Reviewed 7 years ago

Comfort of knowing that my tenants are financially capable.

Pros

When I rented my place out, I loved knowing that my tenants were thoroughly vetted financially before I took them on. It was cool seeing a quick snapshot of their finances before I made a decision.

Cons

No cons were added to this review

MF
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Mark F.

Used weekly for 6-12 months

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Intuitive to use and speeds up my workflow

Reviewed 7 years ago

It improves the accuracy of my tenant screening and gives me actual recommendations based on actual tenant data. And the info arrives in my inbox instantly, as soon as the applicant hits "send". Awesome.

Pros

As a property manager, it takes a lot of time to collect income information on candidate renters. This app makes it a snap! I'm shaving literally hours off the screening process - love it!

Cons

I was concerned about applicants' adoption, since they have to participate in order to receive the data.