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 renter-fraud study highlights rising demand for TRU screening solutions

<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 released a study at Apartmentalize 2026 showing renters with 15+ credit inquiries in a week have a 32% chance of charge-offs within a year, signaling higher fraud risk. The report also notes eight-plus inquiries in four days and truck-stop addresses as indicators. TRU&#039;s TruVision with Snappt integration could see near-term demand growth from property managers.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>15+ credit inquiries in seven days foretell 32% 12-month charge-offs.</li><li>Eight+ inquiries in four days correlate with 23% charge-offs.</li><li>Current address at truck stop shows 30% fraud indicators.</li><li>TransUnion pairs with Snappt to embed income verification.</li><li>Detroit tops fraud indicators at 6.7% among major MSAs.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>TransUnion (TRU)</strong>: Research underscores risk signals TRU can monetize via fraud/risk screening; potential near-term demand.</li><li><strong>Snappt (N/A)</strong>: Income-verification partner integrated into TruVision; could lift TRU adoption and revenue.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: Highlights growing use of screening and income verification tech in property management; TRU stands to gain from higher adoption.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Positive data raises demand expectations for TRU&#039;s fraud/risk solutions.</li><li>Snappt integration may accelerate TRU revenue in TruVision product suite.</li><li>MSA fraud indicators suggest addressable market growth in mid-size cities.</li><li>No immediate earnings changes; potential multiple expansion if adoption accelerates.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: June 17, 2026</li><li>32% charge-offs within 12 months for 15+ inquiries in seven days</li><li>23% charge-offs for eight+ inquiries in four days</li><li>1.1 million renters analyzed in 2024</li><li>Detroit 6.7%, Atlanta 6.1%, Houston 5.6% have highest fraud indicators</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral; TRU could see near-term uplift if screening-adoption accelerates in 3–6 months.</p>
  </section>
</section>


<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 released a study at Apartmentalize 2026 showing renters with 15+ credit inquiries in a week have a 32% chance of charge-offs within a year, signaling higher fraud risk. The report also notes eight-plus inquiries in four days and truck-stop addresses as indicators. TRU's TruVision with Snappt integration could see near-term demand growth from property managers.

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

AI Summary

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Market-Moving

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