CrossClick Media, Inc., formerly known as Co-Signer, Inc., through its wholly-owned subsidiary, Co-Signer.com, Inc., provides commercial guarantee services for residential leases, creating a new U.S. industry that addresses the need for rent assurance in an increasingly restrictive approval environment, facilitating housing for tenants and enhancing occupancy rates and cash flow for landlords. The service replaces the discomfort and administrative headache of personal guarantees from friends or relatives with a reliable, professionally administered, commercial assurance.
Co-Signer.com, Inc. provides its fee based tenant service to those who may have marginal or no credit due to a short sale, a bankruptcy, inconsistent employment, a long-term health issue or other circumstances. Typically these tenants are able to afford the rental payment for the new residence they seek. However, superficially their credit scores and financial profile do not readily qualify them with the prospective landlord. Cosigning services are available whether the tenant seeks a single family home, condominium, townhouse, or apartment anywhere in the United States.
Used overseas, residential rent assurance has been available in the U.S. on a limited basis for the past 6 years. Co-Signer has perfected this service, is the leading provider markets its services along with tenant screening and residential placement services through www.Co-Signer.com and through direct contact with landlords and property managers. Co-Signer uses a proprietary underwriting process with an approval algorithm with state of the art information services to achieve low default ratios that maximize company profitability. Co-Signer.com offers rental guarantees on behalf of tenant clients to landlords, property managers, leasing agents and others that may be responsible for residential leasing. Fees are borne by the tenant and are less than the additional rent and security deposits required for tenants with low credit scores.
The Company's business strategy is to make the use of commercial residential rent assurance otherwise known as a rent guarantee for residential lease standard industry practice by focusing resources on landlord and property manager awareness in order to educate the market on the simplicity and value of the service. With almost 39,000,000 rental units in the United States and 1 out of every 4 adults having poor or bad credit, the demand for commercialized cosigning services provides a real growth opportunity.