Tenant Eligibility Assessment Process

At Livble, we conduct a comprehensive assessment of a tenant's eligibility in two key stages: Precheck and Underwriting. These stages are designed to be quick, ensuring a swift response to applications, but please note that the criteria may evolve over time to align with regulatory changes and internal policy updates. Livble does all the work. Our partners do not have to implement or know anything about these conditions.

1. Precheck: Initial Eligibility Screening

Before proceeding to the detailed underwriting process, we perform a preliminary screening to ensure applicants meet basic eligibility criteria. This Precheck phase includes the following checks:

• Outstanding Balances: Applicants must not have past due balances from previous months.
• Security Deposits: Applicants must not have security deposit outstanding charges
• Rent Threshold: The monthly rent amount should not exceed $5,000.
• KYC Compliance: We conduct Know Your Customer (KYC) checks to verify the identity of applicants, in line with regulatory requirements.

These initial checks are designed to quickly assess basic eligibility, streamlining the process for both the tenant and Livble. If the user can fix these conditions and recover from these, they will be able to continue their application process anytime.

2. Underwriting: Detailed Financial Assessment

Following a successful Precheck, the Underwriting phase begins. This is a critical step where tenants are required to connect their bank account(s) to our platform. During this stage, we perform a detailed analysis of the tenant's cash flow to make an informed decision regarding their application. This process involves but is not limited to the following:

• Cash Flow Analysis: Evaluating the tenant's income, spending patterns, and financial stability to ensure they can consistently meet their rent obligations.
• Bank Account Verification: Confirming the validity and ownership of the bank account(s) connected to ensure a secure and accurate assessment.

The outcome of the Underwriting process determines whether the tenant's application is approved, based on their financial health and ability to repay. If a tenant is declined in this process, they will be able to reapply after 90 days.

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Livble manages all this within Livble. Please don't implement or mimic these checks in your own logic.

Dynamic Criteria and Continuous Improvement

Please be aware that our eligibility criteria and assessment processes are subject to change. This flexibility allows us to adapt to evolving financial landscapes, regulatory requirements, and risk management strategies, ensuring that we continue to offer fair and responsible financial services to our tenants.

Getting the result of this process via API

You will be able at any point in time to access the status of tenant through the API call Retrieve tenant by looking at the status field.