bridge and more. www.federalfirstlending.com/angelagoodin/ NMLS1683417 w/ FederalFirstLending NMLS2381991 WHAT HAPPENS AFTER WE PULL YOUR CREDIT REPORT:
Now that we have pulled your credit, you will begin to get unsolicited phone calls from other lenders trying to convince you to do your loan with them, with the intention of creating doubt that the loan you just signed isn't your best option. Unfortunately, Experian, Transunion, and Equifax sell your information. Here is some detailed info on what is happening and what you can do about it:
Movement Mortgage does not sell your information to any third party for marketing purposes. During the course of reviewing a loan application lenders request your credit report and credit score from the major credit bureaus. All three national credit bureaus have ‘event-based trigger’ programs, which identify you to be in the market for new credit in the near-term based on certain changes in your credit profile. In this case, the fact that you are applying for a mortgage may indicate that you are likely to be shopping for a mortgage. Other lenders purchase this information from the credit bureaus
Event-based trigger programs are legal, even if you don’t particularly like them. They meet all Fair Credit Reporting Act regulations and guidelines and are presently offered by all three national credit bureaus (Experian, Equifax, TransUnion). Consumer information could vary depending on the credit bureau providing the trigger notification service, but lenders may purchase a list that includes your name, address, inquiry type, credit score, and other optional data attributes. They may buy your phone number from a third-party provider. IF YOU DO NOT WANT TO RECIEVE PRE-SCREENED OFFERS OF CREDIT & INSURANCE, YOU HAVE TWO CHOICES: You can opt out of receiving them for five years or opt out of receiving them permanently by calling toll-free 1-888-5-OPTOUT (1-888-567-8688) or visiting www.optoutprescreen.com for details. The telephone number and website are operated by the major consumer reporting companies. When you call or visit the website, you’ll be asked to provide certain personal information, including your home telephone number, name, Social Security number, and date of birth. The information you provide is confidential and will be used only to process your request to opt-out. WHAT YOU SHOULD KNOW IF YOU SUBMIT AN OPT OUT REQUEST:
Opting out will not affect your ability to apply for credit or insurance. Opting out will not stop solicitations from local businesses; religious and charitable associations; professional and alumni associations; politicians; and other companies you do business with. To end those solicitations, you should contact those people or organizations directly. Your request will take effect within five days, but you may not see a reduction in the amount of offers for a while. This is because your name may have already been sent to some companies prior to the effective date of your opt out. You can only submit opt out or opt in requests for yourself, unless you have legal authority to submit such requests on behalf of someone else.
