04/24/2023
NEWS YOU CAN USE!
Have you ever heard of a mortgage trigger lead? It's when you agree have your credit pulled by a lender of your choice so that you can buy or refinance a home, and all of the sudden out of no where you start to receive several calls from not chosen mortgage companies who all want to sell you a mortgage.
But Kelly, howwwwww did they get my information, did you give it to them?! Absolutely NOT!
Would you believe me if I told you that it's the CREDIT BUREAUS who sell your information to these mortgage companies once they see that you are interested in a mortgage? All sorts of personal information is sold and as of right now, it's perfectly legal! https://www.housingwire.com/articles/namb-welcomes-legislative-proposal-to-ban-use-of-trigger-leads/
Real estate agents please direct your clients to this site as soon as you meet with them so we can get ahead of the unchosen ones. Anyone who wants to buy or refi in the future, please go to www.optoutprescreen.com Not only will it opt you out so you won't get solicitation calls, but it will even improve the amount of junk mail you receive. Call me, I'll tell you more!
Xoxoxo,
Kelly Hughes-Powell Mortgage Advisor NMLS 226806
253-880-6019 cell
[email protected]
The NAMB is vocalizing support for H.R. 2656, a bill that would end the sale of trigger leads to data brokers by credit bureaus.