Over the last year as rates have increases trigger leads have become an increasing problem. We have had customers reporting in that they are receiving 200+ calls and text messages from desperate lenders after we ran their credit. I promise we did not sell customer info off. The Credit Bureaus did. Keep reading to learn more and how to stop it.
In the world of real estate and mortgages, the concept of trigger leads has become increasingly controversial. While these leads are used by mortgage loan officers and lenders to identify potential customers actively seeking loans, they raise concerns about privacy and unwanted solicitations. In this article, we’ll delve into the issues associated with trigger leads and guide individuals on how to opt out of this practice. Basically what is going on is the credit agencies know that a mortgage lender ran a potential borrowers credit and they sell that borrowers info off to anyone willing to pay for it.
If you’d like to protect your privacy and reduce unwanted solicitations related to trigger leads, here are steps you can take to opt out:
While trigger leads can be a valuable tool for struggling mortgage professionals, they can be a source of frustration and privacy concerns for consumers. It’s essential to be aware of your options to opt out of these leads if you wish to protect your privacy and reduce unsolicited contacts. Understanding your rights and taking proactive steps can help you regain control over your personal information and maintain your peace of mind in the complex world of real estate and mortgages.
The real estate market is constantly changing, leading to many challenges for buyers and sellers alike. Never has there been a greater opportunity to leverage innovative lending solutions to better serve your clients. As you know we think outside of the box. Yes we do lots of loans that fit in the box, but getting the deals done that don’t fit in the box can make all the difference in this market. During this class we will cover some more unique loan programs and ways to structure transactions to help get offers accepted in an unconventional world. This class is approved for 1 hour of continuing education thank you Devon Title for sponsoring the continuing education portion of this event!
Here is a list of some of the things we will cover during the event: