Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Trigger Leads

Author Message
Icon Mini Profile livinginnky
livinginnky
Moderator



Joined: 08 Sep 2007

Posts: 631

29.96 Dollars($)
Post Posted: Sat Sep 15, 2007 9:30 pm    Post subject: Trigger Leads
Like 0
Dislike 0

What do you mortgage professionals think about trigger leads? I don't know of any other company or industry that is allowed to break privacy laws like this. The credit bureaus sell your very personal info not only without your consent but without you even knowing it has happened.
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Sun Sep 16, 2007 10:08 pm    Post subject:
Like 0
Dislike 0

Hi Livinginnky,

Though I am not a mortgage professional, yet I feel that credit bureaus should not be allowed of the trigger leads and must be prevented from doing hard inquiries into a person's credit report. This sort of practices are not good and should be stopped in no time.
Max

Guest







Post Posted: Tue Sep 18, 2007 10:13 pm    Post subject:
Like 0
Dislike 0

It is an insidious practice that the credit bureaus are doing. Our credit is a personal matter, but surprisingly the credit bureaus are selling it behind our backs and without our consent.

We cannot expect the credit bureaus to pass our private credit information like this. They should be prohibited from this sort of activities.
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10250
Location: ALASKA
1043.57 Dollars($)
Post Posted: Wed Sep 19, 2007 12:48 am    Post subject:
Like 0
Dislike 0

To me its a type of mortgage fraud. And we should stand against it.

Government has already started thinking on it. In the state Minnesota, the governor restricts trigger leads. a good step Smile

_________________
Procrastination is the enemy of your financial success
chip

Guest







Post Posted: Mon Feb 04, 2008 3:48 pm    Post subject: trigger leads
Like 0
Dislike 0

Your personal info is not sold. just your name and the fact that you applied for a mortgage. There are criteria that the leads can be filtered by, but the details are not passed on.
Icon Mini Profile evolovik26
evolovik26
Community Expert
Community Expert

best lender badge

Joined: 15 Aug 2007

Posts: 537
Location: Minneapolis
28.93 Dollars($)
Post Posted: Tue Feb 05, 2008 7:35 am    Post subject:
Like 0
Dislike 0

still its bad cause if im in the midle of getting a deal done i dont want someone calling my client and telling him stories about getting him on a new 2% program that just came out.
_________________
Eugene Volovik
Home Loan Consultant
Countrywide

612-481-3127
Conventional, FHA and Commercial Lending in 48 states
Icon Mini Profile livinginnky
livinginnky
Moderator



Joined: 08 Sep 2007

Posts: 631

29.96 Dollars($)
Post Posted: Tue Feb 05, 2008 11:29 am    Post subject:
Like 0
Dislike 0

Not only that but if I apply for a mortgage, that is my business period. I did not ask to be sold to every company that is willing to pay to know I am looking. If I was to opt in to some sort of system that is fine... but like all other industries... credit bureaus should not be allowed to sell your info without your consent... You don't have a choice whether you have a credit bureau (except the obvious, but living as a hermit in the mountains doesn't appeal to me), you have a choice when it comes to most other industries whether you agree with their privacy policies and whether you want to do business with them... not true with credit bureaus.
_________________
Eric Matthews

Mortgage Refinance and Home Loan Guide
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.120 seconds.