I have used this before and continue to use it with my clients permission of course. I had a borrowers credit score increase 48 points from doing this. It was a beautiful thing and I was actually able to get her a higher LTV and more cash out so it worked out for the best.

One thing you should know is that it can also drop your clients credit score!!! So be careful when you do this. My advice to you would be don't do this with your clients til after you close the deal unless your in need of a few extra points.

Thanks for the link Ben and the warning Shane. Another great tip because Active Rain members are willing to share. Thanks!

This is a great tip, keep them coming Ben.

Excellent tip.  I am interested in finding out how it may drop a credit score though.

I agree with Shane

 and be careful - remember some of the sites that provide leads to credit card companies also provide leads to realtors and mortgage brokers

how about just sign them up with a credit monitoring company that blocks ALL inquiries until lifted 

To answer your question on how the scores drop when you opt them out is when they are in the process of opting out and a late or missed payment hits there credit at the same time it affects there score twice as bad as normal. I don't know why this is but it has happened to several clients that I seen go through this program. Let me know if this info helps.

Nice Ben, good tips that I will continue to share!

Thanks for pointing this out Ben, I have never seen this before. Clients will definitely benefit from this.

Eddy

Huge tip. I will be recommending this to my clients. Thanks.

Will check it out --Thank you for the tip

Thanks for the web site.  I totally forgot about it.  With everyone selling the trigger leads you would really be helping your clients out in long term.

I had another great story about using Opt-Out. I love this thing

Ben

Thanks Ben - I think we all owe you a diner  :-)    Lewis P.