Solvency risk
Cash flow, income, payment behavior, and financial capacity.
AI-powered underwriting
Risk isn’t one-dimensional. Your screening shouldn’t be either.
Using 10+ years of proprietary data and trained by millions of risk signals, TheGuarantors’ AI-powered underwriting evaluates both the likelihood and severity of loss, matching each applicant’s price to their individual risk.
TheGuarantors identifies risk signals that traditional screening misses
Credit risk
Credit history, balances, and collections.
Fraud risk
Synthetic fraud and identity theft signals.
Tried and tested
Our underwriting combines proprietary data with trusted third-party sources for a sharper, more complete risk analysis.
4,000,000+
Units enrolled with TheGuarantors
500M+
Data points used to train our underwriting model
10+ years
Of proprietary performance data
9.6 seconds
To get an approval decision
1M+
Renter applications processed
Not all underwriting models are created equal
Traditional screening focuses on how likely a renter is to default. TheGuarantors also considers how large a potential loss could be, helping turn more denials into quality approvals with the right level of protection behind them.
Traditional screening
Traditional screening + TheGuarantors
Risk evaluation
Likelihood of loss. Risk is simplified into broad categories.
Factors applicant nuances into both likelihood + severity of loss.
Risk output
Approval or denial; nearly identical applicants get different results.
More quality applicants get a second chance at approval.
Applicant risk pricing
Loss severity never enters decision. You’re left to price the risk.
Each applicant receives a decision and price matched to their risk.
Who carries the risk
You do; losses above the deposit hit your balance sheet.
15+ A-rated carriers & surety bond insure rent up to full lease term. [1]
Renter impact
No requalification options for conditional and denied applicants.
Qualified applicants get a second chance for the home of choice.
Owner-operator impact
Good applicants get turned away. Approvals expose you to bad debt.
Approvals with right-sized coverage; truly risky renters stay out.
- [1] TheGuarantors program is backed by the largest (re)insurance panel in the industry, protecting insureds from adverse consequences of balance sheet concentration.
Frequently asked questions
If you’re unsure about approving an applicant or they are flat-out denied, you have the option to invite them to apply for a Lease Guarantee policy, which gives applicants a second chance for the home of their choice and protects your rent roll with insurance against defaults, damages, vacancy, and more. We combine proprietary performance data with trusted third-party sources to evaluate each applicant for solvency, credit, and fraud risk before delivering a decision. If the applicant is approved, they receive a personalized Lease Guarantee quote. Once they sign and pay for the policy, they can proceed to sign their lease and move in.
To learn more about our Lease Guarantee product, click here.
A Lease Guarantee policy can include Rent Coverage only or both Rent & Deposit Coverage.
Rent Coverage covers up to a certain amount of missed rent. That means, depending on the bond you elect to require, rent for a certain amount in arrears and rent going-forward, until you find a new renter (but not concessions or penalties).
Deposit Coverage, a security deposit alternative, covers certain damages, utilities, legal.
To learn more about our Lease Guarantee product, click here.
No. TheGuarantors exists in addition to your existing screening process. Screening applies the property’s qualification criteria; if they come back conditionally approved or denied, you have the option to invite them to apply for a Lease Guarantee. We apply our underwriting to return an applicant decision.
No. Our goal is to approve quality applicants with the coverage you need to protect your bottom line. If we consider a renter too risky, they may get denied.
As renter profiles evolve, many applicants don’t meet traditional screening standards but can make high-quality residents who pay on time each month. Credit-challenged and income-challenged applicants are a good example. Applicants in unique situations, such as students, recent graduates, retirees, or international citizens who don’t meet the criteria to pass traditional screening, also get a second chance.
Pricing is personalized based on a few key factors, including the monthly rent, the renter applicant’s financial profile, and the coverage you require. The renter will receive a quote after completing our free online application. If approved, the renter pays an upfront, non-refundable premium. The cost is per lease, not per renter, so roommates can share the cost.
Individualized underwriting helps multifamily owners and operators make more informed leasing decisions. By evaluating the nuances associated with each applicant and pricing each applicant’s individual risk, we enable you to approve more quality applicants who currently get denied, with the right financial protection you need. Plus, we help you secure the protection you need for risky and undersecured applicants you may already be approving today.
Approved renters receive a personalized quote. Once they sign and pay for the policy, they can continue with lease signing and move in.