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Benzinga
Benzinga
Business
Akanksha Bakshi

TransUnion Partners With UMortgage, Funnel Leasing On Financial Tools

TRU (Organization) Apartment Credit Suisse Morgan Stanley NYSE
  • Mortgage company UMortgage has partnered with TransUnion (NYSE:TRU) and FinLocker to provide consumers with the USafe app making financial literacy and personal financial management more accessible.
  • USafe financial fitness app, powered by FinLocker, helps consumers build, monitor, and improve their finances to achieve long-term goals.
  • Separately, Funnel Leasing has partnered with TransUnion to empower renters with a frictionless Apartment application experience and assist operators with making better screening decisions.
  • TransUnion's rental screening solutions ResidentScore, and ResidentID products are integrated into the Funnel platform, enabling a suite of reporting functionality and improvements to collected data capabilities.
  • "Through this partnership, Funnel is streamlining the digital leasing process, providing renters with a better user experience, and making it easier for property managers to efficiently screen and approve applicants," stated Maitri Johnson, VP of TransUnion's tenant and employment screening businesses.
  • Analyst Updates: Morgan Stanley raised the price target to $105 (an upside of 2%) from $102 while maintaining the Equal-Weight rating in the shares.
  • Credit Suisse analyst Kevin Mcveigh lowered the price target to $100 (a downside of 2.9%) from $105 and maintained his Neutral rating on the shares.
  • Price Action: TRU shares are trading higher by 3.95% at $102.39 on the last check Wednesday.
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