Mortgage Trigger Data and Privacy Concerns

If you have applied for a mortgage lately, you may be hearing from more than just the loan officer that you selected to do your loan. Increasingly, there are more and more companies who are buying mortgage trigger leads. What that means is that when your loan officer pulls your credit, this is flagged by the credit bureaus as someone who is applying for the mortgage. They then turn around and sell your information as a “mortgage lead” to any mortgage company willing to pay for the lead.

Primacy Mortgage believes this is an incredible invasion of your privacy and as a result, we do not ever buy trigger leads. Furthermore, we urge the members of congress to take action to end this very questionable practice. It would seem to most like a major invasion of privacy, however, the credit bureaus have been enabled to continue selling these leads.

What can you do about it? Well, there are two things. First of all you should opt out of all pre-approved credit offers at this site: https://www.optoutprescreen.com. The site is sponsored by the four major credit agencies. Additionally, you can register yourself on the national do not call list here: https://www.donotcall.gov.

You can read more about mortgage trigger leads here: http://www.mortgagenewsdaily.com/912006_Mortgage_Trigger_Leads.asp