What Are Mortgage Trigger Leads? Why Are Strangers Calling Your phone?

This Podcast is to warn borrowers about the effect of Trigger Leads. What is a Trigger Lead? The 3 credit bureaus notify businesses, who purchase trigger leads, when you have your credit pulled. Trigger leads can lead to scammy phone calls from other mortgage lenders who try to give the impression that they are associated with the transaction that we are working on. They are trying to hijack the mortgage process and get you to give them all your personal information and ultimately do you mortgage. 

Solutions to prevent this;

1. Go to https://www.optoutprescreen.com and it will guide you through the steps to opt out of unsolicited offers 
2. https://www.donotcall.gov/  The do not call list is a good way to slow down the number of unsolicited phone calls

The Federal Trade Association page here is a really good resource to help direct you to all the different opt out options available https://www.consumer.ftc.gov/articles/0262-stopping-unsolicited-mail-phone-calls-and-email