Tenant Screening by Burnt Now Integrates with a Credit Bureau. What Does This Mean for Verona?

Burnt has upgraded its Tenant Screening product by adding credit reports from one of the three major U.S. credit bureaus.

As a result, landlords can now receive verified income, employment verification, a credit report, eviction history, and a background check in a single workflow.

Previously, these services were typically handled through separate providers. Now, everything is consolidated into one platform. More importantly, income and employment are verified through direct payroll connections rather than uploaded documents.

How the Verification Process Works

Applicants securely log in to their ADP, Gusto, Paychex, or another supported payroll provider.

The system retrieves real-time information, including:

• Current income
• Employer
• Employment start date

The landlord only receives the verification result rather than sensitive personal information. No payroll documents are shared, and the applicant’s SSN remains hidden.

This matters because a live payroll login is significantly harder to fake than a PDF document, especially at a time when AI-generated fake documents have become increasingly convincing.

The Cost of Poor Tenant Screening

A single bad tenant can cost a property owner anywhere from several thousand dollars to well over $20,000.

These losses often include:

• Missed rent payments
• Eviction-related legal costs
• Property repairs
• Finding and onboarding a new tenant

For large property management companies, these losses can reach millions of dollars each year, with many cases resulting from weak screening processes or fraudulent documentation.

The U.S. rental market consists of approximately 45.3 million renter households, meaning that even a small improvement in screening quality can have a significant financial impact.

Why This Matters for Verona

Burnt is building this product on Verona.

Every time someone uses Tenant Screening, Verona receives a share of the revenue generated by the service.

This creates a model where Verona earns from real-world usage of its verification infrastructure rather than speculation.

Tenant Screening is only one vertical. As Burnt expands into additional industries and verification products, more transactions will flow through Verona.

Over time, this could create a recurring revenue stream that may theoretically support future token buybacks. Of course, this is only one use case, and the long-term impact will depend on how quickly the product gains adoption.

Final Thoughts

In my opinion, this is one of the clearest examples of a real utility product built around Verona.

There are no abstract promises here.

Instead, there is:

• A large, established market
• A well-defined problem: rental fraud
• A practical solution that saves both time and money

If you’d like to see how the product works in practice, youcan try it here:

→ https://screening.burnt.com/applicants

[embed]Tenant Screening for Applicants: What to Expect | Burnt What to expect from Burnt tenant screening as a renter: one guided mobile session, verification in minutes, and a…screening.burnt.com