Real estate blog entries tagged with mortgage triggers by Tom Burris | Texas Mortgage Dallas Mortgage FHA (DallasLoanGuy.com (214) 763-4629 cell/text/nights/weekends)

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Home : Blogs : Tom Burris | Texas Mortgage Dallas Mortgage FHA : Texas Home Loan Blog : Tag "mortgage triggers"

mortgage triggers: Mortgage triggers - Don't Let Your Loan Get Denied Last Minute - 11/15/11 11:01 AM

Mortgage triggers - Don't Let Your Loan Get Denied Last Minute

Mortgage triggers result in the collections that show up when a credit report is re-pulled a few days prior to closing.

Collection agencies or third party debt buyers can purchase a mortgage trigger list just as a lender might buy mortgage leads.
Here is how it works. Sometimes collections agencies do not report derogatory trade lines until a borrower has applied for a mortgage. They buy a list of recent mortgage applicants and match it against their debtor list.The collection agency`s hope is that the borrower will … (2 comments)

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