PropTech: enhanced referencing service launched

PropTech platform Goodlord has launched a new referencing service for letting agents, offering what it calls ”a carefully curated balance of technology and human expertise.”

The firm says its product is designed to make referencing safer and smarter, and instead of relying on documentation verification if offers digital integrations with HMRC, payroll providers, and via Open Banking. 

“This approach reduces the error-prone reliance on documents and instead enables the rapid and accurate verification of income by going direct to the source of the information” and drives down instances of fraud. 

The products is integrated with the National Fraud Database, can  spot nefarious applications, fake references and forged documents. 

The average reference turnaround time for PRO users is just 1.5 days: 25% of references are processed instantly.

Nishma Parekh, Head of Referencing at Goodlord, comments: “Letting agents are under huge pressures to drive returns, add value, and protect landlords from risk. By focusing on verifying a tenant’s income through technology, rather than document verification, we believe that we have created the perfect blend of digital innovation and human expertise. This means a secure, speedy and seamless experience for agents and the ability to protect them from fraud.”