Income Verification Process
Step-by-Step Process for Income Verification
Business Requests Data
Roberto is applying to rent a home. Property Management Company wants to verify Roberto's income to ensure he will be able to pay rent. Property Management Company works with MeasureOne to verify income for tenant applicants.
Consumer Consents and Grants Access
Roberto gives MeasureOne consent to access his current income data and share his current income information with Property Management Company.
MeasureOne Accesses the Data
Roberto provides MeasureOne the necessary credentials to access his income data from a trusted data source. MeasureOne accesses and extracts Roberto's income data, and uses it to confirm his monthly and annual salary.
Consumer Uploads Required Documents
Alternatively, if Roberto cannot access his data, he uploads his paystubs and provides his bank account credentials. MeasureOne parses his paystubs, accesses and extracts his direct deposit information from his bank, and compares it to his paystubs to confirm monthly and annual salary.
Success! Data Shared with the Business
MeasureOne reports Roberto's salary data to Property Management Company.
ROBERTO'S RENTAL APPLICATION IS APPROVED!
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