"Automated Income Verification by Finicity/ Mastercard" - for tenant applicants?

[Tricia O'Brien]

Hello !  I am using Zillow Rental manger to find/screen tenants.  One seemingly well qualified applicant did not post his actual last pay stub, but instead posted something that said he had gone through another service. It is called "Automated Income Verification by Finicity / Mastercard."  The pop-up window says that tenant applicant's data is pulled directly from their bank statements and pulls the "monthly average of regular direct deposits amounts for up to 2 years".  In his case it was pulled from March 2023 to the present.

I am a little bit leery about accepting this because I'm not familiar with it.  Has anyone accepted this service  as proof of income?

How did that work out for you? 

I did call his employer and they said he makes $24/hour and has been working there consistently since Jan 2023.  

So based on the employer's statement he should be making gross income of $3840/month. This is similar to what Finicity / Mastercard says he makes of $3722/month net over the past 6 months.  

Would you still insist on seeing an actual recent paystub? 

He is an electrician who is currently working a remote job and living in a hotel, so I'm thinking I might ask the HR person to send me a copy of his most recent paystub.  He is working 10-hour days and probably doesn't have easy access to a computer and printer.   The phone # I called for the office manager/ human resources manager I believe was someone's cell phone so a little concerning there.  

Thanks in advance!