Are your clients tired of getting bombarded with phone calls about mortgages they never requested? They are not alone! This happens because of something called "mortgage trigger leads." Essentially, the credit bureaus sell your information to other lenders which generates an inordinate amount of calls that you didn’t ask for.
What are Mortgage Trigger Leads?
When your clients apply for a mortgage, a lender pulls your credit report. This creates a record that other lenders can purchase from the credit bureaus, indicating you're potentially interested in financing. These lenders then purchase their information as a "trigger lead" and bombard them with offers.
The Good News: You Can Fight Back!
A free service called www.OptOutPrescreen.com empowers you to limit these unwanted calls. It allows you to opt out of receiving prescreened offers for credit and insurance based on your credit report.
How OptOutPrescreen.com Works:
Visit the OptOutPrescreen.com website: link to OptOutPrescreen.com.
Fill out the form with your personal information, including your Social Security number and date of birth.
Submit the form and choose whether to opt out for five years or permanently.
Important Notes:
Opting out is a one-time process, but you need to repeat it every five years to maintain your status.
It doesn't affect your ability to apply for credit or insurance when needed.
Note: this can take up to 5 days to become active but will help protect your information from unwanted calls.
By using OptOutPrescreen.com, you can significantly reduce the number of unsolicited mortgage calls you receive and reclaim control over your inbox and phone.
Please share with your clients who are considering purchasing a home.
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