BoomScreen enables property managers to reduce fraud, increase revenue, and move in the best renters. BoomScreen is the second product offering from Boom, a technology-centric rental financial services company.
AUSTIN, TX — January 14, 2025 - Today, Boom announced the launch of BoomScreen, a tenant screening solution that features extensive configurability to meet the diverse needs of today’s property owners and managers.
As complexities around tenant screening continue to evolve—new compliance regulations, jurisdiction-level nuances, fee caps, growing fraud risks, and increased portfolio diversification—the market has lacked a screening tool flexible enough to accommodate these multiplying needs while maintaining robust applicant underwriting.
Boom is building a suite of modern rental financial services across the renter lifecycle for property managers and their renters. Prior to launching BoomScreen, Boom launched BoomReport—an automated solution for property managers to report their residents’ rent payments to the credit bureaus and help them build credit as they make on-time payments.
On building their second product, BoomScreen, Rob Whiting, Co-Founder and CEO of Boom, said, “Through rent reporting, we got really good at pushing messy rental data to the credit bureaus. As we were doing that, property managers came to us and asked if we were able to pull that data from the bureaus and other vendors to evaluate their applicants.”
He continued, “We started digging into tenant screening and quickly discovered that there’s no one-size-fits-all solution because each property manager, their properties, and applicants are nuanced. As a result, today’s property managers are doing a ton of manual work to make up for the gaps in their current screening processes and still don’t feel completely confident in their underwriting—but this stops with the launch of BoomScreen. Built with configurability and fraud prevention at its core, BoomScreen’s initial momentum has been validation that we’ve built something great, and we’re excited to finally offer it at scale.”
BoomScreen offers configurable application templates that allow property managers to customize the screening services included, applicant scoring criteria, and application fee—and centralizes the experience into one interface. On data, BoomScreen has aggregated an index of data vendors where property managers can pick and choose which data sources are most relevant for their applicant underwriting, paying only for what they use.In using BoomScreen, applicants have a consumer-grade experience while property managers are able to increase leasing velocity and mitigate fraud.
“When we started to look for a new screening company, we wanted to find a partner that would value our feedback, deliver immediate results, automate a lot of the process, and integrate seamlessly into our PMS, and we found that 100% with Boom. Being able to set up scoring criteria for applications and ask for identity and income verification docs directly in the application is amazing for our onsite managers,” said Angelica Rodriguez, Operations Manager at Saratoga Group.
Another BoomScreen user, Michell Bryant, Director of Operations at Cincy Area Properties said, “Our old screening process was cumbersome, we found ourselves having to run secondary screenings, and we still weren’t getting all of the information back. With Boom, the criminal background checks are outstanding. On top of that, the support is fantastic. Their team will reach out and call our applicants and walk them through the process, I don’t think you can ask for anything better than that.”
The Boom Platform, currently composed of BoomReport and BoomScreen, helps property owners and operators drive on-time payments, reduce fraud, and grow revenue across the renter lifecycle. Since launching its first B2B product, BoomReport,Boom has partnered with numerous property management systems to build bi-directional integrations to power automations to further simplify property management workflows. Their current integrations include Rent Manager, Yardi, Entrata, Rentvine, Buildium, ResMan, and more.
To learn more about the Boom’s offerings for property managers, visit the Boom Platform. To discover the full capabilities of tenant screening with BoomScreen and see it in action, visit BoomScreen.
About Boom
Boom is on a mission to level the playing field for the 110+ million renters in the US by making housing more flexible, affordable, and rewarding. Boom is building a suite of rental financial services for renters and property managers, including tenant screening, rent payment reporting, rent reporting-as-a-service, and a number of integrations with the largest property management systems (PMS). Boom serves renters through the Boom App and property managers via the Boom Platform. Now serving thousands of renters, Boom is led by second-time founders Rob Whiting and Kirill Moizik, and backed by investors such as Starting Line, Mischief VC, Clocktower Ventures, Gilgamesh Ventures (Petal co-founders), and angels such as William Hockey (Plaid) and Misha Esipov (NovaCredit). Boom has been profiled by Inman, Business Insider, HousingWire, NerdWallet, and more.
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