Asset Verification

At CLV Group, we strive to make the rental application process as seamless and secure as possible. Asset Verification is an important step in ensuring a smooth leasing experience while protecting both residents and property owners. It helps us quickly verify your financial stability in a safe and efficient manner, reducing the need for manual paperwork and expediting approvals.

To facilitate this process, we partner with Plaid, a leading, secure third-party financial verification service that allows you to quickly and securely share your financial details.

What Is Asset Verification?

Asset Verification allows you to securely share essential financial details directly from your bank account through Plaid, replacing the need for manual document collection like bank statements or financial notices. By logging into Plaid’s secure platform, you can choose the information you wish to share, providing only the necessary details required for a fast, hassle-free approval process.

Why Do We Use Plaid for Asset Verification? 

Our goal is to streamline your rental application and eliminate unnecessary delays. By using Plaid’s trusted verification service, we ensure:

• Faster Processing: Applications can be reviewed and approved in minutes rather than days.
• Enhanced Security: Your sensitive financial information remains encrypted and protected—no need to send documents via email.
• Greater Accuracy: Avoids the risk of incomplete, altered, or fraudulent documents.
• Less Paperwork: No need to collect, print, or scan bank statements or notices.

Plaid Income/Asset Check vs. Manual Collection

  Plaid Income/Asset Check

• Uses a publicly traded, regulated & secure platform
• Takes only minutes for verification
• No banking passwords are stored; only the selected financial data is shared
• Ensures only valid and necessary details are provided

Manual Collection

• Documents must be manually collected and sent via email (which may not be fully secure)
• Can take days due to back-and-forth communication
• Higher risk of fraudulent or altered documents
• Risk of incomplete, invalid, or redacted documents delaying the process