NEW ORLEANS, June  17, 2026  (GLOBE NEWSWIRE) -- Rental applicants with unusually high numbers of recent credit inquiries pose the greatest fraud risk for property managers, according to TransUnion (NYSE:TRU) research

High Credit Inquiry Velocity Emerges as Top Fraud Risk Indicator in Rental Applications

TransUnion rental fraud study highlights rising demand for screening tools

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW ORLEANS, June  17, 2026  (GLOBE NEWSWIRE) -- Rental applicants with unusually high numbers of recent credit inquiries pose the greatest fraud risk for property managers, according to TransUnion (NYSE:TRU) research</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>TransUnion&#039;s Apartmentalize 2026 study shows renters with many recent credit inquiries drive higher fraud risk, with 32% charge-offs for 15+ inquiries in seven days. The findings bolster demand for TRU&#039;s TruVision screening and its Snappt integration, signaling potential upsell and broader adoption across property-management workflows.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>TransUnion flags high rental fraud risk from rapid credit inquiries. 15+ inquiries in 7 days link to 32% charge-offs.</li><li>Eight or more inquiries in four days link to 23% charge-offs. Extended fraud alerts on file show 22%.</li><li>Detroit leads fraud indicators at 6.7%; Atlanta 6.1% and Houston 5.6%.</li><li>TransUnion partners with Snappt to integrate Applicant Trust Platform into TruVision Resident Screening.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>TransUnion (TRU)</strong>: Research foresees higher demand for fraud screening and potential revenue upside from TruVision and related tools.</li><li><strong>Snappt (Private)</strong>: Partnered to integrate Applicant Trust Platform with TruVision; potential revenue synergies with property managers.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: Recaps a large-scale risk study and a key product partnership that could lift TRU&#039;s addressable market in screening and verification solutions.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Positive data supports TRU&#039;s screening revenue growth from TruVision adoption.</li><li>MSA-level fraud signals may drive incremental demand for TRU&#039;s verification tools.</li><li>Expanded partnership with Snappt could unlock additional upsell opportunities with landlords.</li><li>Large estimated bad debt cost underscores value of TRU&#039;s fraud prevention stack.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>32% charge-offs for 15+ credit inquiries within seven days.</li><li>23% charge-offs for eight or more inquiries within four days.</li><li>22% extended fraud alert on file.</li><li>Detroit fraud indicators 6.7%; Atlanta 6.1%; Houston 5.6%.</li><li>Average rental provider writes off nearly $1 million in fraudulent applications.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term bullish: TRU benefits from stronger demand for fraud screening, with revenue upside as TruVision-Snappt integration scales.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">NEW ORLEANS, June  17, 2026  (GLOBE NEWSWIRE) -- Rental applicants with unusually high numbers of recent credit inquiries pose the greatest fraud risk for property managers, according to TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRU">TRU</a>) research released today at Apartmentalize 2026. Applicants with 15 or more credit inquiries in the seven days prior to applying for a lease showed the highest rate of charge-offs within one year, at 32%, compared with nearly 9% for the overall sample.</p>  <p>The research identified the top 15 fraud indicators based on their ability to help predict a negative outcome within 12 months after a renter applied for a lease. Another leading indicator was having eight or more credit inquiries within four days, further underscoring the predictive strength of unusually high inquiry activity.</p>  <p>TransUnion analyzed more than 1.1 million renters who moved during 2024 and tracked charge-offs within one year after moving as a proxy for fraud-related risk.</p>  <p align="center"><strong>Top Five Fraud Indicators on Renter Applications</strong></p> <table align="center" style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:70%; width:70%; min-width:70%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Type of Indicator</strong></td><td style="max-width:30%; width:30%; min-width:30%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Percentage of Renters Who Have Charge-offs Within 12 Months of Applying</strong></td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>15 or more credit inquiries within the past seven days</strong></td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">32%</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Current address is a truck stop</strong></td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">30%</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Eight or more credit inquiries within the past four days</strong></td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">23%</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Extended fraud alert on file</strong></td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">22%</td></tr><tr><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; "><strong>Listed phone number is governmental</strong></td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: center ;  vertical-align: middle; vertical-align: middle ; ">20%</td></tr></table> <p><br></br>"The average rental housing provider writes off nearly $1 million in bad debt due to fraudulent rental applications," said Maitri Johnson, senior vice president and head of tenant and employment screening at TransUnion. "These findings help property managers focus on the warning signs most associated with elevated risk and make more confident screening decisions."</p>  <p>The research also tracked which major MSAs saw the highest amounts of fraud indicators among their renters compared to the national average. Detroit ranked first with 6.7%, followed by Atlanta (6.1%) and Houston (5.6%). Other notable MSAs with higher fraud alerts included: Phoenix (4.9%), Los Angeles (4.4%), Chicago (4.2%) and San Francisco (4.1%).</p>  <p>"Strong screening and fraud technology tools are a must in today's environment for property managers to spot fraud before it's too late, and income verification can serve as an important first line of defense," said Johnson.</p>  <p>For this reason and many others, TransUnion partnered with industry income verification leader Snappt. The partnership incorporates Snappt's <a href="https://www.globenewswire.com/Tracker?data=xLOwigLSN2oQw9OrlF1RVSKeg27UMuQjT7fyrB11O_LgzS41q5cPedsAjj9ygDUrjSh61LHRx3djG8LFk8NllsmUffhq9Z4ikdnO5NDP3Ijla71xz4dlxML8mNtxxGpg" rel="nofollow" target="_blank">Applicant Trust Platform</a> into TransUnion's TruVision&#x2122; Resident Screening to deliver a seamless and unified screening/income verification workflow to property managers.</p>  <p>Learn more about TruVision Resident Screening <a href="https://www.globenewswire.com/Tracker?data=gh8FxHvYaYuClu_6nhb6LV-OY-5Unuz6ACVVdTNcU9uXJSFBvxv2L2tVePhPJ1dlqurbzQv_H377zsZ-nSnf1QZ3ftxIkNRQpoc1k6rnzgxZV8t2P5sz9b2w8QYUSrSaTZRpE2xiHqAH1AjJJIJHlSypAclMSe8mpsn6CyS_6XdYLmOAwqwoOIrV7SCwSIo2BPScK3KK4mKe88r5TawfbsdfYaRJgxIi925kYU9kJJO--UbfUUnjztGFaa0OpW6xBZYzz4zPX6jF0go-EKb07hF4BiwA6KPQlW3CIV9l_rm1R8npFSStmyMmZ0Nvx5at" rel="nofollow" target="_blank">here</a>.  </p>  <p><strong>About TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TRU">TRU</a>) </strong><br></br>TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru&#x2122; picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good<sup>&#xAE;</sup> — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. <a href="https://www.globenewswire.com/Tracker?data=ehpjyIL7vWpa0z8pyGvVWyi6vmS60AvuABOkU9Wkzh6H_FOAecA0JMtiu9orEHJXBYA_C90A5Wds9CmnC9Fs6CnQr3SUKVI-Ff5vjyCSIzFzeDl3O3yAVhR8BgZLImJr" rel="nofollow" target="_blank"><u>http://www.transunion.com/business</u></a></p> <table style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:15%; width:15%; min-width:15%;"><strong>Contact</strong></td><td style="max-width:85%; width:85%; min-width:85%;">Dave Blumberg</td></tr><tr><td> </td><td>TransUnion</td></tr><tr><td> </td><td> </td></tr><tr><td><strong>E-mail</strong></td><td>david.blumberg@transunion.com</td></tr><tr><td> </td><td> </td></tr><tr><td><strong>Telephone</strong></td><td>312-972-6646</td></tr></table> <p><br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc0ODA5MCM3NjY1MDA1IzIwMDk4NzQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NjMxMjU1M2ItYWRiMy00MmU4LWExMDgtM2IyYzVkMTk3M2VlLTEwMjE0NDctMjAyNi0wNi0xNy1lbg==/tiny/TransUnion.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8cc0f5ef-8284-496b-8554-d00cc2d898ea"><img src="https://ml.globenewswire.com/media/8cc0f5ef-8284-496b-8554-d00cc2d898ea/small/tulogo-blue-wcag-rgb-300x80-jpg.jpg" border="0" width="150" height="39" alt="Primary Logo"></img></a></p>

TransUnion's Apartmentalize 2026 study shows renters with many recent credit inquiries drive higher fraud risk, with 32% charge-offs for 15+ inquiries in seven days. The findings bolster demand for TRU's TruVision screening and its Snappt integration, signaling potential upsell and broader adoption across property-management workflows.

High Credit Inquiry Velocity Emerges as Top Fraud Risk Indicator in Rental Applications

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Industry News

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