Affordable Housing

Shorten income and asset verification from weeks to minutes

Reduce income reporting inconsistencies and avoid fraud with our customizable income and asset verification solution, Eligibility Compass, purpose-built for affordable housing applications. We combine bank data, payroll connections, and cross-source analytics to verify faster—and catch what traditional methods miss.

How Verification Works

Create a true picture of income with broad coverage bank data, payroll systems, and pay stub data. Leverage an efficient and accurate process to confirm an applicant’s income and assets in seconds.

  1. User seamlessly connects asset sources
    Nova Credit automatically triggers an adaptable waterfall process to understand the applicant’s income through multiple sources.
  2. User completes quick and easy verification of income
    Nova Credit then guides users to conduct income verification via direct connection or document upload.
  3. Nova Credit creates a unified, comprehensive report of verification results
    Nova Credit delivers a consolidated summary of the income and assets verified.

Why Eligibility Compass for Affordable Housing

Simplify the Applicant Experience

Improve applicant satisfaction with a guided, mobile-first experience.

Reduce Staff Burden

Reclaim staff time from chasing documents and following up.

Turn Units Faster

Screen applicants with more certainty with customized workflows that take minutes, not weeks.

How we're different

Multiple Ways to Collect Income Data

All-in-one solution to collect payroll, and pay stub data through direct account connection or document upload.

Fraud-resistant Data

Use seasoned data collected directly from banking institutions (or payroll for income) to reduce risk of fraud.

Income Model

Get a true picture of income with handling of multiple income types, including traditional, gig economy, and alternative income.

Customer Operations and Dispute Management

Leverage full-service customer management for data related disputes, currently executed for global banks.

Customized Workflows

Customized consumer experiences using multiple applicant delivery options and retrieve processed data through an API integration.

Consumer Reporting Agency (CRA) Compliance

Nova Credit operates as a consumer reporting agency, built with multi-national regulatory frameworks in mind to support large enterprise needs.

By The Numbers

98% Coverage of the U.S. workforce, leveraging bank data, payroll systems, and pay stub data

9 Years as a CRA

50%+ Average time savings for income verification

Connect with the Nova Credit Enterprise Team

Submit your information and a member of our team will be in touch about how we can grow your business together.

This form is designed for businesses interested in our enterprise solutions. For individual credit questions, please visit our Help Center.

Recent game-changing announcements: Chase and PayPal, and Yardi choose Nova Credit. Join Our Credit Innovation Journey.