Share: Share with Email

Cushman & Wakefield Launch Snappt Fraud Detection Technology

9/15/2021

Data-driven fraud detection software strengthens Cushman & Wakefield’s asset and facilities management services

CHICAGO - Cushman & Wakefield a leading global real estate services firm, announced today the deployment of Snappt’s commercial real estate (CRE) fraud detection and analytics technology to strengthen its asset and facilities management services.

Cushman & Wakefield’s clients and stakeholders will now have access to state-of-the-art document verification using Snappt’s data-driven fraud detection software that helps property managers accurately detect fraudulent financial documentation, user identity theft, and high-risk tenant applications that drive costly evictions and bottom-line loss.

“Working with technology leaders like Snappt help us drive more efficient, cost effective and secure operations for our clients,” said Jeff Jannereth at Cushman & Wakefield. “Leveraging their innovative technology allows us to adapt to an ever-changing renter climate and deliver greater value to our clients.”

“We are absolutely thrilled to support Cushman & Wakefield as an added solution in their strategic PropTech initiatives.  Last year there were over 21 million undocumented fraudulent application documents in the U.S. alone, yielding significant costs to real estate firms,” commented Daniel Berlind, CEO and co-founder of Snappt. “In the current environment where the rental market is at a premium, property managers are exponentially exposed to renter fraud. Our top priority is to mitigate potential losses with the support of our industry-leading technology.”

About Cushman & Wakefield 
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. 

About Snappt
Snappt, a Los Angeles based real estate technology company, provides a quick and inexpensive data-driven fraud detection service that accurately spots fraudulent financial documentation. Snappt is used by 5 of the top 6 property management firms in the U.S.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications
Michael Boonshoft

Director, Americas PR & External Communications • New York

 

 

Related Insights

Climate Risk: REAL (E)STATE OF EMERGENCY
Insights • Sustainability

Climate Risk: Real (E)STATE OF EMERGENCY

Following the sobering assessment of climate risk by the UN’s Intergovernmental Panel on Climate Change (IPCC) and ahead of the imminent COP26 summit in Glasgow, in our latest report, Real (E)state of Emergency, we give our view on the impetus for the property industry across Asia Pacific to act.
10/26/2021
Purpose Driven Business Podcast (image)
Podcast • Workplace

Podcast: Purpose Driven Business

Andrew Budgen and Nathan Lonsdale, founders of the lab_, a collective of free-thinkers who all share the same purpose – to constantly experiment and reshape the boundaries so that we can live our lives better.
Michael Creamer • 10/21/2021
is confidence returning to retail market
Insights • Retail

Rising prices in physical stores encourage people to shop online

Over half of Polish shoppers have noticed that retail prices are higher in reopened shopping centres, reveals Cushman & Wakefield’s report “Is Confidence Returning to the Retail Market?”. Additionally, consumers are being driven to shop online by some negative phenomena taking place in shopping centres.
Małgorzata Dziubińska • 10/20/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.