loan: How Your Clients Credit Report is Sold As a Hot Lead - 10/07/08 11:47 AM
Did you know that when a mortgage company, car dealership, department store, etc. pulls your credit report that it is instantly sold to another company as a Hot Lead?
Yes, that's right. It's called a Trigger Lead. These leads are expensive and very popular with mortgage companies. The information can include your phone number and address, what loan amount your applying for and your current loan balances. Have you been in the middle of a transaction, say a week before closing and the buyer is talking about using a new mortgage company?
This could likely be the result of a trigger … (0 comments)

 

Julie Hite

West Bloomfield, MI

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Guaranteed Home Mortgage Company, Inc.

Office: (248) 539-5937

Fax: (248) 539-5938



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