Operating as a consumer reporting agency, Social Intelligence Corp. says its social network screening process is compliant with the Fair Credit Reporting Act.
The SEC says that should ensure that the firms will be more careful in screening the borrowers who take out the mortgages, car loans, and credit card debt that make up the packages.
According to industry experts, properties are screening about 3% more rental prospects than a year ago and declining fewer renter applications due to credit quality.