What is The Closing Docs and how does it function? The Closing Docs is an income verification software that improves the speed and accuracy of income verification by utilizing advanced technology. It digitizes the income verification process, making it more efficient and faster. The software’s income report provides valuable information for property managers screening tenants or lenders assessing borrower risk. One of its key features is automated income verification, where it connects directly to an applicant’s bank account to analyze their deposit history and generate a standardized income report. This automates the verification process and ensures the applicant’s ability to pay rent promptly. Once the data is collected for the income report, the software disconnects from the bank account. Additionally, The Closing Docs seamlessly integrates with various property management and accounting software platforms, such as Appfolio, Buildium, RentManager, Yardi, On-Site, and Rentec Direct. These integrations allow for automatic data transfers, eliminating the need for manual data entry and streamlining the user experience.
